After witnessing a decline in the previous session, the Indian market rebounded sharply on April 29, with the Nifty 50 starting the May series on a strong note and touching an intraday high of 24,334.70, supported by broad-based buying across sectors and the broader market, driven by strong earnings momentum.


However, profit booking at higher levels trimmed some of the gains, with the Nifty eventually closing at 24,177.65, up 181.95 points or 0.76%. Meanwhile, the BSE Sensex ended at 77,496.36, gaining 609.45 points or 0.79%.

In the broader market, the Nifty Midcap 100 index ended marginally lower, while the Nifty Smallcap 100 index gained 0.65%.

Among the top gainers on the index were Maruti Suzuki India, Coal India, Tech Mahindra, ITC Limited, and Reliance Industries. On the downside, InterGlobe Aviation, Dr. Reddy's Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards.

Sectorally, the trend remained mixed. Auto, IT, FMCG, and realty indices rose around 1% each, while infrastructure, metal, oil & gas, and pharma sectors posted moderate gains of about 0.5%. On the other hand, PSU banks, media, and consumer durables indices declined 0.5% each, capping overall market gains.

More than 160 stocks touched their 52-week high on the BSE, including Bandhan Bank, Star Health, Emcure Pharmace, GE Shipping, Glenmark Pharma, Welspun Corp, Aarti Industries, Sona BLW, Granules India, Adani Green, Adani Ports, Nestle, Adani Power, CESC, ONGC, Hitachi Energy, Lloyds Metals, MCX India, BHEL, JSW Energy, among others.