Shares of Bajaj Finance were helped by heavy buying amid a mixed trend in global equity markets, with benchmark indices Sensex and Nifty rising nearly 2% on July 29.
The 30-share BSE benchmark jumped 1,041.47 points or 1.87% to end at 56,857.79. During the day, it rose 1,097.9 points or 1.96% to 56,914.22.
The broader NSE Nifty rose 287.80 points, or 1.73%, to 16,929.60.
Among Sensex constituents, Bajaj Finance was the top gainer at 10.68%, followed by Bajaj Finserv, jumping 10.14% after encouraging June quarter earnings.
Other gainers were Tata Steel, Kotak Mahindra Bank, IndusInd Bank, Infosys, Tech Mahindra and Nestle.
On the other hand, Bharti Airtel, UltraTech Cement, Dr Reddy’s, ITC and Sun Pharma were among the laggards.
In Asia, markets in Seoul, Shanghai and Tokyo ended higher, while Hong Kong closed in the red.
European markets were trading lower during mid-session deals. On Wednesday, US markets closed sharply.
“Positive cues from global markets following Fed policy outcome as well as upbeat earnings from domestic large caps propelled the market rally. The Fed’s decision was expected, while their positive remarks were dismissive of the possibility of a slowdown and a slowdown. The rate hike in the coming months boosted global sentiment, said Vinod Nair, Head of Research, Geojit Financial Services.
Meanwhile, international oil benchmark Brent crude climbed 1.36% to $108.1 a barrel.
Foreign institutional investors were net sellers in the capital market as they sold shares worth Rs 436.81 crore on Wednesday, according to exchange data.