Buy or sell stocks, July 30 -- Indian benchmark indices, the Sensex and the Nifty 50, rallied sharply on Wednesday, July 29, led by strong buying in banking and IT heavyweights.

The Sensex surged 889 points, or 1.16%, to close at 77,654.60, while the Nifty 50 climbed 265 points, or 1.10%, to settle at 24,250.20.

Nifty 50 extended its gain for the fourth consecutive session, ending the day at 24,250.20, up 264.85 points (+1.10%). The index opened with a strong 191-point gap-up at 24,176, reflecting positive market sentiment, and traded in a narrow range throughout the session. Buying momentum remained steady as Nifty gradually advanced towards the 24,250 zone, which acted as a key resistance from previous price action. The index consolid...