Markets extend rally to third day; Bajaj Finance surges over 8%
Indian stock markets extended their rally for a third consecutive day, with the Sensex and Nifty closing higher. The growth was largely driven by a significant surge in Bajaj Finance shares following strong quarterly earnings and positive foreign institutional investment.
Why it matters
Market performance is a key indicator of investor confidence and corporate health in the Indian economy.
Stock market benchmark indices Sensex and Nifty ended higher for the third day on Friday (July 31, 2026), tracking a sharp rally in Bajaj Finance, foreign fund inflows and a decline in crude oil prices. The 30-share BSE Sensex climbed 166.49 points, or 0.21%, to settle at 78,094.64. During the day, it jumped 344.1 points, or 0.44%, to 78,272.25. The 50-share NSE Nifty gained 66.45 points, or 0.27%, to end at 24,383.60.
From the Sensex pack, Bajaj Finance jumped 8.11% after the firm on Thursday (July 30, 2026) reported a 28% year-on-year rise in consolidated profit after tax (PAT) to ₹6,081 crore for the June quarter of FY27, driven by growth in core income and improvement in asset quality.
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