Mumbai, July 27 -- Stock markets snapped the five-day losing streak on Monday, with the benchmark Sensex jumping by 776 points following a sharp decline in crude oil prices amid easing tensions in West Asia.

The 30-share BSE Sensex jumped 776.01 points, or 1.02 per cent, to settle at 76,835.78. During the day, it soared 841.74 points, or 1.10 per cent, to 76,901.51.

The 50-share NSE Nifty surged 228.50 points, or 0.96 per cent, to end at 23,995.95, ending its five-day losing trend.

The market capitalisation of BSE-listed companies surged Rs 5,10,561.8 crore to Rs 4,80,80,037.04 crore ($5 trillion) following the rebound in equities.

Among Sensex firms, Eternal jumped the most by 5.70 per cent. InterGlobe Aviation, Infosys, Bajaj Finance, Asian Paints and Mahindra & Mahindra were also among the gainers. HDFC Bank, Power Grid and Axis Bank were the laggards.

Brent crude, the global oil benchmark, tanked 9.40 per cent to $87.64 per barrel. FIIs offloaded equities worth Rs 3,892.77 crore on Friday, according to exchange data.

The BSE SmallCap Select index jumped 1.71 per cent and MidCap Select index climbed 1.65 per cent.

MidSmall Private Banks Quality Tilt jumped the most by 2.36 per cent, followed by IT (2.30 per cent), Realty (2.25 per cent), Focused IT (2.09 per cent), Services (2 per cent), Auto (1.53 per cent) and Hospitals (1.43 per cent). Telecom emerged as the only laggard.

A total of 2,776 stocks advanced, while 1,580 declined and 202 remained unchanged on the BSE. In the last five trading days, the BSE benchmark tanked 2,091.68 points, or 2.67 per cent, and the Nifty declined 566.85 points, or 2.32 per cent.

In Asian markets, South Korea's KOSPI, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng index ended higher. Markets in Europe were trading higher. US markets ended mostly higher.

On Friday, the Sensex declined 331.62 points, or 0.43 per cent, to settle at 76,059.77. The Nifty dipped 102.15 points, or 0.43 per cent, to end at 23,767.45.

Published by HT Digital Content Services with permission from Millennium Post.