Sensex rebounds 367 points, Nifty settles above 19,750 on firm global trends
The Hindu
BSE Sensex jumped 367.47 points or 0.56% to settle at 66,527.67, while NSE Nifty climbed 107.75 points or 0.55% to end at 19,753.80
Benchmark equity indices Sensex and Nifty closed over half a per cent higher on July 31, snapping their two-day falling streak on buying in index majors Reliance Industries and Tata Consultancy Services and firm global trends.
The 30-share BSE Sensex jumped 367.47 points or 0.56% to settle at 66,527.67. The index opened lower but later rebounded from early lows and hit a high of 66,598.42 as power, oil, IT and FMCG shares advanced.
The NSE Nifty climbed 107.75 points or 0.55% to end at 19,753.80.
From the Sensex pack, NTPC jumped nearly 4% after the company posted over 23% rise in consolidated net profit in the April-June quarter of 2023-24.
Power Grid, Tech Mahindra, Tata Steel, Tata Consultancy Services, Wipro, Maruti and JSW Steel were among the other major gainers.
Also read: Rupee ends almost flat ahead of key U.S. data sets; falls in July
Bajaj Finance, Kotak Mahindra Bank, Hindustan Unilever, ITC, Bharti Airtel and Asian Paints were among the laggards.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.
Investors shifted to Gold ETFs in December 2025, with record inflows amid macro uncertainty and declining equity returns.
Aurobindo Pharma's subsidiary receives Health Canada NOC for Dyrupeg, confirming its pegylated filgrastim biosimilar's safety and efficacy.
SEBI exempts small brokers from the technical glitch framework, impacting 60% of stock brokers in India.
Vodafone Idea confirms ₹124 crore annual AGR dues until 2031, following government relief approval for the struggling telecom firm.
With digital technologies dominating the financial landscape and redefining the operations of regulated entities, regulation and supervision by the regulator must remain risk-based, proportionate, and technology-neutral said Reserve Bank of India (RBI) Governor Sanjay Malhotra.
Ashok Leyland Ltd. on Friday inaugurated its integrated commercial vehicle plant focused on green mobility at Lucknow in Uttar Pradesh.
Bharat Coking Coal IPO saw 8.1 times subscription on Day 1, driven by strong retail and institutional investor demand.
India's forex reserves fell by $9.80 billion to $686.80 billion, following a previous increase of $3.29 billion.
Indian stock markets decline for the fifth consecutive day amid concerns over U.S. tariffs and foreign capital flight.
Rupee falls 26 paise to 90.16 against the U.S. dollar, pressured by a strong dollar and weak equity markets.
As devices from toys to cars get smarter at the Consumer Electronics Show, gadget makers are grappling with a shortage of memory and storage needed for them to work.
Benchmark indices Sensex and Nifty decline amid foreign fund outflows and renewed U.S. tariff hike concerns, impacting investor sentiment.