New Delhi, July 29 -- Stock market benchmarks, the Sensex and the Nifty 50, posted strong gains on Wednesday, 29 July, with banking and IT heavyweights among the lead gainers.

The Sensex jumped 889 points, or 1.16%, to end at 77,654.60, while the Nifty 50 settled with a gain of 265 points, or 1.10%, at 24,250.20. Mid and small-cap segments also clocked solid gains, as the Nifty Midcap 100 rose by 0.82%, while the Smallcap 100 surged 1.48%.

Investors earned Rs.4 lakh crore in a single session as the overall market capitalisation of firms listed on the BSE rose to over Rs.483 lakh crore from Rs.479 lakh crore in the previous session.

The domestic stock market jumped higher even as crude oil prices traded higher and global cues were weak ...