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Sensex snaps three-session losing streak; jumps 209 pts at close

Source: PTI
July 29, 2021 16:14 IST
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Tata Steel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finserv, SBI, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries.

NSE Nifty advanced 69.05 points to 15,778.45.

Snapping its three-session losing streak, equity benchmark Sensex rose 209 points on Thursday following gains in Tata Steel, SBI and Reliance Industries amid a positive trend in global markets.

The 30-share BSE index climbed 209.36 points or 0.40 per cent to close at 52,653.07, while the broader NSE Nifty advanced 69.05 points or 0.44 per cent to 15,778.45.

 

Tata Steel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finserv, SBI, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries.

On the other hand, Maruti, PowerGrid, Bajaj Auto and ITC were among the laggards.

"Domestic equities recovered as positive global cues and strong buying in metal and IT stocks supported markets," said Binod Modi, head - strategy at Reliance Securities.

Further, short-covering in select heavyweights also aided rebound. Auto, FMCG and pharma remained sluggish, while most key sectoral indices traded in green.

Notably, strong buying was seen in quality mid-cap and small-cap stocks after the recent fall, while volatility index contracted by 5 per cent, he added.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with gains.

Photograph: Shailesh Andrade/Reuters

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