Sensex, Nifty close higher on foreign fund inflows, rally in U.S. equities
The Hindu
On July 26, Sensex rose 0.53% to 66,707.20 & Nifty gained 0.50% to 19,778.30, driven by buying in infra, banking & oil stocks, foreign fund inflows and U.S. rally.
Benchmark Sensex bounced back 351 points while Nifty closed above the 19,750 level on July 26 following buying in infra, banking and oil shares amid fresh foreign fund inflows and rally in the U.S. markets.
Snapping its three-session losing run, the 30-share BSE Sensex climbed 351.49 points or 0.53% to settle at 66,707.20. During the day, it jumped 541.56 points or 0.81% to 66,897.27.
The broader NSE Nifty advanced 97.70 points or 0.50% to end at 19,778.30.
From the Sensex pack, Larsen & Toubro jumped over 3%. ITC, Reliance Industries, Sun Pharma, Kotak Mahindra Bank, Axis Bank, Infosys and State Bank of India were the other major gainers.
Infrastructure major Larsen and Toubro (L&T) on July 25 posted a 36% rise in net profit to ₹3,116.12 crore for the June quarter, mainly aided by the execution of a healthy order book in its projects and manufacturing portfolio.
From the 30-share club, Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, Tech Mahindra, Asian Paints and Titan were among the major laggards.
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