Sensex jumps 889 points, Nifty reclaims 24,250 as IT, FMCG stocks rally

Mumbai, July 29 (IANS) Indian benchmark equity indices ended sharply higher on Wednesday, led by strong buying in information technology, FMCG and metal stocks.

The Sensex surged 889 points, or 1.16 per cent, to close at 77,654.60, while the Nifty advanced 265 points, or 1.10 per cent, to settle at 24,250.20.

Commenting on Nifty technical outlook, experts said that the 24,300–24,400 zone, which also aligns with the 200-day Exponential Moving Average (EMA), remains the immediate resistance band.