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Sensex and Nifty rise led by IT stocks
The Hindu··30 Jul
Indian equities opened higher on July 30 with the Sensex up 75.71 points to 77,726.62 and the Nifty gaining 26.90 to 24,275.85 in early trade, The Hindu reported. IT leaders Infosys, Tech Mahindra, HCL Technologies and TCS led gains. Foreign investors bought Rs 2,981.87 crore of equities on July 29 while Brent crude fell 1.26 percent to $89.60.
Prism
What It Means For You
- IT-heavy portfolios saw early gains as Infosys, TCS, HCL and Tech Mahindra advanced.
- A stronger rupee at 95.66 per dollar and lower Brent may ease import and fuel cost worries.
- FII buying of nearly Rs 2,982 crore on July 29 signals continued foreign interest in Indian equities.
What's Happening
- On July 30 early trade, the Sensex rose 75.71 to 77,726.62 and the Nifty gained 26.90 to 24,275.85.
- IT stocks led the advance while FIIs bought Rs 2,981.87 crore of equities on July 29.
- Brent crude fell 1.26 percent to $89.60 and the rupee strengthened 16 paise to 95.66 per dollar.
Markets After a Strong Prior Session
- The Sensex had surged 888.68 points in the previous session, setting a high bar for follow-through.
- IT sector leadership often tracks global tech sentiment and dollar revenue outlooks for Indian exporters.
- FII flows remain a key swing factor for Nifty direction when domestic macros and oil prices shift.
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