Equity benchmark Sensex gained 209 points on Thursday, July 29, following strong buys in Tata Steel, State bank of India and Reliance Industries amid a positive trend in global markets.
At close, The BSE Sensex surged 209.36 points to close at 52,653.07, while the Nifty50 of National /stock Exchange advanced 69.05 points to 15,778.45. Tata Steel was the top gainer in the Sensex pack, advancing nearly 7 percent, followed by Bajaj Finserv, State bank of India, HCL Tech, Sun Pharma, Bajaj Finance and Reliance Industries. On the other hand, Maruti, PowerGrid, Bajaj Auto and ITC were among the laggards.
ON the NSE, Seven of 11 ended higher led by the Nifty Metal index's over 5 percent gain. Metal stocks witnessed buying interest on report that China is considering imposing more export duties. Nifty PSU Bank, Nifty Realty and IT indices also advanced between 1-3 percent, while Nifty FMCG, Pharma, Auto and Private Bank indices ended lower.
Meanwhile, international oil benchmark Brent crude advanced 0.43 percent to $74.19 per barrel.