Sensex gains over 800 pts, Nifty rises over 1 pc as IT, metal stocks lead rally
Mumbai, July 29 -- Indian benchmark equity indices ended higher on Wednesday, with the BSE Sensex gaining nearly 889 points and the NSE Nifty rising over 1 per cent, supported by strong industrial production data, easing concerns over crude oil prices and buying in information technology and metal stocks.
The BSE Sensex closed at 77,654.60, up by 888.68 points or 1.16 per cent, while the NSE Nifty 50 settled at 24,250.20, rising 264.85 points or 1.10 per cent.
Vinod Nair, Head of Research, Geojit Investments Limited, said, "Given India's diversified market structure, the case for FII inflows is strengthening with the unwinding of crowded AI trades. Meanwhile, despite the intraday uptick in crude prices driven by renewed tensions in West...
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