New Delhi, Aug. 5 -- On Monday, Nifty 50 rose 0.64% to close near 24,722, snapping a two-day losing streak as investor sentiment improved amid hopes of a US Fed rate cut following weak July jobs data.

Metal and auto stocks led the gains, with Hero MotoCorp and TVS Motor rallying after posting strong results. However, IT stocks witnessed a pullback rally despite concerns over U.S.-India trade tensions and the global revenue outlook. Broader market indices saw modest gains, though sectoral breadth was mixed.

Benchmark indices rebounded sharply on Monday, with the Sensex gaining over 400 points and Nifty rising 0.64% to close at 24,722.75, buoyed by strong performances in metal and auto stocks alongside positive cues from Asian markets. Du...