Mumbai, Aug. 4 -- Domestic benchmark indices kicked off the week on a positive note, snapping a two-day losing streak. Investors weighed developments around U.S. tariffs and the Federal Reserve's policy stance amid signs of a softening labour market. The Nifty 50 closed comfortably above the 24,700 mark, buoyed by broad-based gains in metal, auto, and IT stocks.

The S&P BSE Sensex advanced 418.81 points or 0.52% to 81,018.72. The Nifty 50 index gained 157.40 points or 0.64% to 24,722.75.

Bharat Electronics (up 3.55%), Adani Ports and Special Economic Zone (up 3.24%) and Reliance Industries (up 1.21%) were major Nifty movers today.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.11% and the S&P B...