EQUITY markets witnessed a major surge on Thursday with Benchmark indices- Sensex and Nifty- ending higher for the second straight session, led by heavy buying in Bajaj Finance and Bajaj Finserv shares.
The Sensex jumped 1,041.47 points to end at 56,857.79 while the Nifty moved ahead 287.80 points to close at 16,929.60. Bajaj Finance was the top Sensex gainer ending 11% higher, followed by Bajaj Finserv rising 10% post a better than expected June quarter earnings.
The rally came on the back of positive commentary made by FOMC (Federal Open Market Committee) in its July meet and its decision to raise interest rate by 75bps which was in line and factored by the market.
This story is from the July 29, 2022 edition of The Morning Standard.
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This story is from the July 29, 2022 edition of The Morning Standard.
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