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The Hindu
Markets extend rally to third day; Bajaj Finance surges over 8%
The Indian stock market extended its rally for a third day, driven primarily by Bajaj Finance's impressive performance, which saw its profits surge by 28% for the June quarter. The Sensex and Nifty indices recorded gains, largely supported by foreign inflows and a decline in crude oil prices. While caution persists due to rate hike concerns, ongoing earnings reports are exceeding expectations, contributing to a positive market sentiment.
MonitorConfidence: HighShort term horizon
Published 31 Jul 2026, 11:35 UTC2 min read
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Summary
TL;DR
- Sensex gained 166.49 points to close at 78,094.64
- Nifty increased by 66.45 points, ending at 24,383.60
- Bajaj Finance surged over 8% after reporting strong profit growth
- Foreign institutional investors bought equities worth ₹3,623.51 crore
- Brent crude oil prices rose to $89.43 per barrel
Interesting facts
- Bajaj Finance reported a consolidated profit of ₹6,081 crore for FY27's June quarter
- The performance of other market leaders included Mahindra & Mahindra and Reliance Industries
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