Mumbai, July 31: Indian benchmark equity indices continued their positive run for the third consecutive session, supported by strong buying interest in auto and financial sector stocks, while profit booking weighed on information technology shares.
The Sensex gained 166.49 points to close at 78,094.64, while the Nifty advanced 66.45 points to settle at 24,383.60, reflecting continued investor confidence in domestic equities.
Financial stocks remained among the top performers, with major companies in the sector witnessing strong buying interest. Auto stocks also outperformed, providing significant support to the benchmark indices.
The broader market maintained its positive momentum, with Nifty MidCap and SmallCap indices gaining 0.44 per cent each, indicating healthy participation across segments.
Meanwhile, the IT sector witnessed selling pressure as investors booked profits after a strong recent rally. The Nifty IT index ended lower despite positive trends in global technology markets.
Market experts said the ongoing recovery is being supported by improving corporate earnings, stable domestic fundamentals, and renewed investor confidence. However, they cautioned that global uncertainties, interest rate concerns, and market valuations may continue to influence near-term movements.
Analysts highlighted that sustaining key support levels will be important for the continuation of the current market trend, while upcoming earnings results will provide further direction to investors.
The latest session reflects the resilience of Indian markets, with sector-specific strength helping benchmarks maintain their upward momentum.