{"id":49212,"date":"2024-07-12T10:28:50","date_gmt":"2024-07-12T10:28:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/sensex-surges-622-points-nifty-tops-24500\/"},"modified":"2024-07-12T10:28:50","modified_gmt":"2024-07-12T10:28:50","slug":"sensex-surges-622-points-nifty-tops-24500","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/sensex-surges-622-points-nifty-tops-24500\/","title":{"rendered":"Sensex Surges 622 Points; Nifty Tops 24,500"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares rose notably on Friday as TCS delivered better-than-expected Q1 results and surprisingly soft U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year.<\/p>\n<p>The benchmark S&amp;P\/BSE Sensex surged nearly 1,000 points intraday to hit a record high of 80,893 before finishing up 622 points, or 0.78 percent, at 80,519.<\/p>\n<p>The broader NSE Nifty index closed at 24,502, up 186 points, or 0.77 percent, from its previous close ahead of the release of retail inflation data and industrial output data. <\/p>\n<p>The mid-cap and small-cap indexes on the BSE ended down 0.2 percent and 0.1 percent, respectively. <\/p>\n<p>Tata Consultancy Services, India&#8217;s largest IT services company, soared 6.6 percent after surpassing revenue estimates for the June quarter. <\/p>\n<p>Peers Tech Mahindra, Infosys, HCL Technologies and Wipro rallied 3-5 percent. <\/p>\n<p>Oil India surged nearly 8 percent after Morgan Stanley said the company&#8217;s dividend distribution policy and earnings are set to double in 2029. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex Surges 622 Points; Nifty Tops 24,500<\/a><br \/>\n<br \/>2024-07-12 10:28:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares rose notably on Friday as TCS delivered better-than-expected Q1 results and surprisingly soft U.S. inflation data bolstered hopes for two Federal Reserve rate cuts this year. The benchmark&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-49212","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49212"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49213"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}