Indian benchmark indices ended sharply higher on July 27, snapping a five-session losing streak, supported by broad-based buying across sectors amid easing geopolitical tensions and a sharp decline in crude oil prices.


A pause in military strikes between the US and Iran helped the market open on a strong note, with the Nifty climbing above 23,900. However, the benchmarks traded in a narrow range for most of the session before witnessing strong buying in the final hour, lifting the Nifty above the 24,000 mark and helping to close near day's high.

At close, the Sensex was up 776.01 points or 1.02 percent at 76,835.78, and the Nifty was up 228.50 points or 0.96 percent at 23,995.95.

The broader markets also ended higher, broadly in line with the benchmark indices. The Nifty Midcap 100 rose 1% while the Nifty Smallcap 100 gained 1.3%.

Biggest Nifty gainers were Eternal, Interglobe Aviation, Infosys, Bajaj Finance, Shriram Finance, while losers included ONGC, Cipla, HDFC Life, HDFC Bank, Dr Reddy's Labs.

Among sectors, Nifty Media emerged as the top performer, rising 2.4%, followed by Nifty IT, which gained 2.3%. Nifty Realty climbed 2.2%, while Nifty Auto and Nifty Pharma advanced 1.6% and 1.5%, respectively.

Among other sectors, Nifty FMCG added 1%, Nifty Bank rose 0.7%, Nifty Infra gained 0.66%, Nifty Metal advanced 0.6%, Nifty Consumer Durables climbed 0.45%, Nifty Private Bank added 0.42%, Nifty PSU Bank gained 0.22%.

Nearly 140 stocks touched 52-week high including Ramkrishna Forgings, Laurus Labs, CreditAccess Grameen, IDFC First Bank, Lloyds Metals, Dr Lal PathLabs, Lenskart Solutions, Divi's Laboratories, Manappuram Finance, Sun Pharma, Radico Khaitan, Titan Company, United Spirits, Federal Bank, and Gujarat Fluorochemicals, among others. Click to View More

The Indian rupee strengthened sharply on Monday, ending 68 paise higher at 95.89 against the US dollar, compared with Friday's closing level of 96.57.