Indian indices started the week on a positive note, snaping two-day losing streak with Nifty above 24,700 amid buying across the sectors. At close, the Sensex was up 418.81 points or 0.52 percent at 81,018.72, and the Nifty was up 157.40 points or 0.64 percent at 24,722.75.

Amid weak global markets, the domestic indices witnessed a volatility in the initial hours but traded higher for rest of the session with Nifty closing near day’s high on expectation of Fed rate cut post dismal US job reports.

Biggest Nifty gainers were Hero MotoCorp, Tata Steel, Bharat Electronics, Adani Ports, JSW Steel, while losers were Power Grid Corp, HDFC Bank, ONGC, ICICI Bank, Apollo Hospitals.

All the other sectoral indices ended in the green with PSU Bank, pharma, realty, IT, metal, telecom, media, consumer durables, auto up 0.5-2.5 percent.

The BSE midcap index rose 1 percent and smallcap index added 0.7 percent.

In stock-specific action, RailTel Corporation shares rose 3% on order win worth Rs 166 crore from, Harsha Engineers International shares added 2% on order win from multinational company, Premier Explosives share price rose nearly 4 percent after winning order of Rs 190 crore, Delhivery shares jump 5% to hit fresh 52-week high after strong Q1 results.

Tata Steel shares surged 4% on strong Q1 results, MCX shares jumped 5% after strong Q1 results and 1:5 stock split announcement, Dilip Buildcon shares rose 6 percent on emerging lowest bidder for the Gurugram Metro Rail project, Adani Ports shares rose 3 percent on robust July cargo handling data, Swan Defence shares added 5 percent on agreement with Varex Imaging Corporation to manufacture cargo and vehicle inspection systems in India.

More than 120 stocks touched their 52-week highs on the BSE, including Delhivery, Star Cement, eClerx Services, CCL Products, TVS Motor, Anand Rathi, JK Cement, Nuvoco Vistas, Bosch, HDFC AMC, among others.