Sensex nears 78,000 on positive global sentiment
Plus: Neeraj Chopra claims silver in javelin as India's Commonwealth Games campaign enters final stretch.
TL;DR
- Sensex gained 70 points to 77,998 on July 31, with Nifty rising 44 points above 24,350 as crude oil prices eased and FII buyers returned.
- Asmita Dey won gold in judo, Neeraj Chopra claimed silver in men's javelin, and Tejaswin Shankar took bronze in the decathlon on July 31.
- IndiGo will halt London Heathrow service in October, returning leased widebody jets as cost pressures mount on the budget carrier.
Business and economy
Markets find footing as crude retreat eases inflation pressure
Sensex and Nifty climb on positive global cues and foreign investor buying, reversing earlier losses.
The Sensex gained 70.51 points to close near 77,998.66 on July 31, while the Nifty 50 climbed 44.3 points above 24,361.45 as crude oil prices retreated and geopolitical tensions eased. Foreign institutional investors returned as net buyers for the third straight session, purchasing Rs 3,623.51 crore worth of Indian equities. Market breadth turned positive with 1,497 stocks advancing against 835 declining on the NSE, signalling a tentative shift after days of pressure from energy price concerns (via India TV News).
Travel and tourism
IndiGo suspends London service, returns widebody jets
Budget carrier halts Heathrow flights in October, citing cost pressures and geopolitical tensions as mounting headwinds.
IndiGo will halt its London Heathrow service in October and return leased Boeing 787 widebody aircraft as the budget carrier grapples with cost pressures and geopolitical tensions. The airline will continue Amsterdam service from Mumbai using narrowbody A321XLR jets and plans to resume London flights once it receives on-order Airbus A350 aircraft. The pullback marks IndiGo's latest network contraction as it confronts weak international demand and high fuel costs (via Bloomberg).
Sports
Neeraj takes silver as India medals surge in Glasgow's final days
Olympic javelin champion wins silver while judoka Asmita and decathlete Tejaswin add gold and bronze on July 31.
Neeraj Chopra, the Olympic javelin champion, claimed silver at the Commonwealth Games on July 31, while judoka Asmita Dey secured gold in her category and decathlete Tejaswin Shankar won bronze. The medals came on India's second-to-last day of competition as the 122-member Indian contingent pushed toward a solid medal haul in a Games that stripped out several traditional medal-winning team sports including cricket, hockey, and badminton (via ESPN).