{"id":49749,"date":"2024-07-26T04:21:14","date_gmt":"2024-07-26T04:21:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/26\/sensex-nifty-open-higher-as-it-stocks-surge\/"},"modified":"2024-07-26T04:21:14","modified_gmt":"2024-07-26T04:21:14","slug":"sensex-nifty-open-higher-as-it-stocks-surge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/26\/sensex-nifty-open-higher-as-it-stocks-surge\/","title":{"rendered":"Sensex, Nifty Open Higher As IT Stocks Surge"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares opened on a firm note Friday after data showed the U.S. <span class=\"landLinks\">economy<\/span> grew at an estimated 2.8 percent annual rate from April through June, double the rate from the prior quarter.<\/p>\n<p>Signs of cooling inflation in the world&#8217;s largest economy also boosted hopes for Fed rate cuts. <\/p>\n<p>The benchmark S&amp;P BSE Sensex rose 320 points, or 0.4 percent, to 80,356 while the broader NSE Nifty index was up 115 points, or half a percent, at 24,521.<\/p>\n<p>Among the prominent gainers, Wipro, Infosys, Bharti Airtel, Shriram Finance and LTIMindTree all climbed over 2 percent. <\/p>\n<p>Canara Bank rose about 1 percent after it announced plans to sell shares in two subsidiaries. <\/p>\n<p>Adani Green Energy gained 1 percent after reporting 95 percent jump in consolidated net profit for the quarter ended June 30, 2024.<\/p>\n<p>DLF jumped more than 3 percent on reporting a 23 percent increase in quarterly profit. <\/p>\n<p>Ashok Leyland soared 4 percent despite reporting a fall in Q1 profit.<\/p>\n<p>Texmaco Rail and Engineering added 1.3 percent after it agreed to acquire Jindal Rail Infra for Rs. 615 crores. <\/p>\n<p>Adani Energy Solutions rallied 2.2 percent despite reporting a consolidated net loss of Rs 824 crore for the June quarter due to exceptional items. <\/p>\n<p>Indus Towers surged 4 percent on share buyback news. <\/p>\n<p>Tech Mahindra fell 2 percent after Q1 profit missed estimates.<\/p>\n<p>Nestle India, HDFC Bank and ONGC all fell around 1 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/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, Nifty Open Higher As IT Stocks Surge<\/a><br \/>\n<br \/>2024-07-26 04:21:14<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares opened on a firm note Friday after data showed the U.S. economy grew at an estimated 2.8 percent annual rate from April through June, double the rate from&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-49749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49749","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=49749"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49750"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}