{"id":3298,"date":"2026-07-31T23:27:25","date_gmt":"2026-07-31T17:57:25","guid":{"rendered":"https:\/\/newsaxis.com\/?p=3298"},"modified":"2026-07-31T23:27:46","modified_gmt":"2026-07-31T17:57:46","slug":"sensex-nifty-extend-winning-streak-to-3rd-session-led-by-auto-financial-stocks","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=3298","title":{"rendered":"Sensex, Nifty extend winning streak to 3rd session led by auto, financial stocks"},"content":{"rendered":"\n<p><a href=\"https:\/\/newsaxis.com\/\">News Axis<\/a><\/p>\n\n\n\n<p>Mumbai, Indian benchmark equity indices extended their gains for a third consecutive session on Friday, supported by buying in auto and financial services stocks, even as information technology shares witnessed profit booking after a recent rally.<\/p>\n\n\n\n<p>The Sensex climbed 166.49 points, or 0.21 per cent, to settle at 78,094.64, while the Nifty advanced 66.45 points, or 0.27 per cent, to close at 24,383.60.<\/p>\n\n\n\n<p>\u201cOn the downside, the 24,300 level now acts as immediate support, followed by the 24,200 zone. Holding above these levels will be important to preserve the ongoing recovery structure, while a close below 24,200 could trigger fresh profit booking toward lower support levels,\u201d an analyst stated.<\/p>\n\n\n\n<p>Among the top performers on the Nifty were Bajaj Finance, Bajaj Finserv and Jio Financial Services, which led the gains amid sustained buying interest in financial stocks.<\/p>\n\n\n\n<p>The broader market also ended on a positive note, with the Nifty MidCap and Nifty SmallCap indices each rising 0.44 per cent.<\/p>\n\n\n\n<p>On the sectoral front, auto stocks outperformed the broader market, lending significant support to the headline indices.<\/p>\n\n\n\n<p>FMCG stocks also remained among the stronger performers during the session. In contrast, the Nifty IT index underperformed and snapped its five-session winning streak as investors booked profits despite continued strength in global chip stocks.<\/p>\n\n\n\n<p>Experts said that positive momentum continued, although some profit booking emerged at higher levels as caution persisted amid elevated yields and potential rate-hike concerns.<\/p>\n\n\n\n<p>\u201cThe sustainability of the recovery will depend largely on the ongoing earnings season, which is currently outperforming forecasts, and on a reduction in global risks,\u201d an analyst stated.<\/p>\n\n\n\n<p>\u201cAs the earnings season gathers pace, markets will seek confirmation that the recent improvement in earnings is broad-based rather than concentrated in a few sectors,&#8221; a market expert mentioned.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News Axis Mumbai, Indian benchmark equity indices extended their gains for a third consecutive session on Friday, supported by buying in auto and financial services stocks, even as information technology [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-3298","post","type-post","status-publish","format-standard","hentry","category-business","category-display","has_no_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/3298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3298"}],"version-history":[{"count":2,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/3298\/revisions"}],"predecessor-version":[{"id":3300,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/3298\/revisions\/3300"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}