Stock markets open higher tracking rally in L&T

MUMBAI: (Jul 30) Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Wednesday amid heavy buying in infrastructure major Larsen & Toubro.

The 30-share BSE Sensex climbed 256.57 points to 81,594.52 in opening trade. The 50-share NSE Nifty went up by 69.3 points to 24,890.40.

From the Sensex firms, Larsen & Toubro jumped over 4 per cent after the infrastructure major reported a 29.8 per cent rise in consolidated net profit at Rs 3,617.19 crore during the June quarter, driven by strong overseas order growth.