Stock market sees strong rally, Sensex gains 889 points, ₹4.27 lakh crore added to investor wealth

Mumbai (The Uttam Hindu) : Amid mixed global cues, the Indian stock market closed in the green on Wednesday, the third trading day of the week. Meanwhile, key domestic benchmarks gained over 1.1 percent. This rally follows the previous day's decline, led by IT stocks.

The Sensex jumped 889 points, or 1.16 percent, to close at 77,654.60, while the Nifty 50 rose 265 points, or 1.10 percent, to close at 24,250.20. The 30-share BSE Sensex opened at 77,423.77, up 657.85 points, or 0.85 percent, from its previous close of 76,765.92, and at one point during the day, jumped 999.57 points, or 1.30 percent, to reach 77,765.49. Meanwhile, Nifty 50 opened at 24,176.65, up 191.3 points or 0.79 per cent from its previous close of 23,985.35, and at one point during the day, it jumped 298 points or 1.24 per cent to touch the day's high of 24,283.55.

Investors' wealth increased by ₹4.27 lakh crore

A day earlier, on July 28, 2026, the total market cap of all stocks listed on the BSE was ₹4,79,07,917.44 crore. Today, on July 29, 2026, it increased to ₹4,83,35,330.55 crore. This means that investors' wealth increased by ₹4,27,413.11 crore today.

Broader markets also registered good gains during this period, with the Nifty Midcap 100 index rising 0.82 per cent, while the Smallcap 100 index gained 1.48 per cent.

Sectorally, all indices except real estate closed in the green. IT, media, metal, pharma, telecom, private bank, FMCG, and consumer durables indices gained 1-2 percent, reflecting broad-based buying across all sectors.

In the Nifty 50 index, Jio Financial Services, Hindustan Unilever Ltd, Infosys, Hindalco Industries and Larsen & Toubro (L&T) were among the top gainers, rising over 2 per cent, while Mahindra & Mahindra (M&M), Power Grid Corporation, Eicher Motors, Bajaj Auto, BEL, ONGC and HDFC Life emerged as the top losers.

During this period, investors gained Rs 4 lakh crore in a single session as the total market capitalisation of companies listed on BSE increased to more than Rs 483 lakh crore from Rs 479 lakh crore in the previous session.

Meanwhile, market expert Sunil Shah told news agency IANS that the stock market is gaining momentum and the benchmark indices have risen by about 900 points as the market mood improves.

He said that amid the fluctuations here, we have seen some 'value buying' (buying at a good price).

The expert further stated that as far as crude oil is concerned, it's at 87, well below 90. This is better than 100, but not as good as being below 70. So let's see how this can be resolved diplomatically. It would be good for us too.

Regarding future market expectations, experts said it all depends on how the results season unfolds. Secondly, it also depends on the situation in West Asia and crude oil prices.