The benchmark BSE Sensex and Nifty rose over 1% on July 29 after buying into index majors Reliance Industries, Infosys and HDFC twins extended their winning streak for the third day.
Large-scale buoyant global trends also helped the indices continue their gains.
The 30-share BSE barometer jumped 712.46 points, or 1.25%, to end at 57,570.25. During the day, it closed at 57,619.27, up 761.48 points or 1.33%.
The broader NSE Nifty rose 228.65 points, or 1.35%, to 17,158.25.
Tata Steel, Sun Pharma, Bajaj Finserv, IndusInd Bank, Asian Paints, Infosys, Reliance Industries, Bajaj Finance, Wipro and HDFC were the top gainers among Sensex constituents.
Dr Reddy’s, Kotak Mahindra Bank, State Bank of India, ITC and Axis Bank were among the laggards.
VK Vijayakumar said, “In India, the big positive for the market is that FIIs are significantly reducing their sales and even becoming buyers for 8 days this month. Expected performance of financial performance is good. Q1 results indicate an improvement in prospects for this segment,” said VK Vijayakumar. Chief Investment Strategist at Geojit Financial Services.
In Asia, markets ended higher in Seoul, while those in Tokyo, Shanghai and Hong Kong closed lower.
European markets were trading in the green during mid-session deals. On Thursday, the US markets closed with gains.
Meanwhile, international oil benchmark Brent crude jumped 1.92% to $109.2 per barrel.
Foreign institutional investors became net buyers in the capital market as they bought shares worth Rs 1,637.69 crore on Thursday, according to exchange data.