BENGALURU, July 27 (Reuters): Indian shares rebounded on Wednesday after a shaky start to the week, closing 1 per cent higher, as Bajaj Finance and engineering major Larsen & Toubro advanced on better-than-expected earnings, offsetting investor worries ahead of the Federal Reserve's policy decision.
The NSE Nifty 50 index closed 0.96 per cent higher at 16,641.8, while the S&P BSE Sensex rose 0.99 per cent to 55,816.32. The indexes have risen over 5 per cent each so far this month as crude prices dropped, easing inflation fears.
The session started on a muted note, following IMF's downgrade of India's growth outlook and as investors braced for the US Federal Reserve to hike rates by 75 basis points.
But a strong advance in European stock markets on a batch of strong results helped boost sentiment.
Indian shares rise ---
FE Team | Published: July 27, 2022 23:08:59
Indian shares rise ---
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