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Mumbai, July 20:  Hopes of political stability as the current government seemed confident of winning the trust vote in parliament lifted investor sentiments in the Indian equity market.

The Nifty 50 on the National Stock Exchange (NSE) reclaimed the psychological level of 11,000 points.

According to market observers, recovery in the Indian rupee after it touched a fresh all-time low of 69.12 per dollar earlier in the day also supported investor sentiments.

Index-wise, the broader Nifty50 of the NSE closed at 11,010.20 points -- higher by 53.10 points or 0.48 per cent -- from its previous close of 10,957.10 points.

The barometer 30-scrip Sensex on the BSE, which had opened at 36,377.03 points, closed at 36,496.37 points -- up by 145.14 points or 0.40 per cent -- from its previous session's close of 36,351.23 points.

The Sensex touched a high of 36,567.34 points and a low of 36,335.61 points during the intra-day trade. The BSE market breadth, however, was tilted towards the bears with 1,437 declines and 1,135 advances.

"Market recouped yesterday's losses supported by recovery in rupee and continuing positive momentum in IT and Pharma stocks, said Vinod Nair, Head of Research, Geojit Financial Services.

He further said the earnings season will pick up pace in the coming weeks and as a consenses market is expecting 14.7 per cent earnings growth for Nifty50 index stocks.

HDFC Securities' Head of Retail Research, Deepak Jasani said: "Investors were also awaiting the outcome of a no-confidence motion against the NDA government."

On the currency front, the rupee closed at 68.85, appreciating by 20 paise from Thursday's close of 69.05 per dollar.

Investment-wise, provisional data with exchanges showed that foreign institutional investors bought scrip worth just Rs 310.27 crore and the domestic institutional investors sold stocks worth Rs 50.73 crore.

Sector-wise, the S&P BSE IT index gained the most, by 216.77 points, followed by the captial goods index, up 162.36 points and the healthcare rose by 143.15 points.

On the contrary, the S&P BSE auto index declined by 96.19 points, the oil and gas index was down 94.49 points and the metal index fell by 64.93 points.

The major gainers on the Sensex were Sun Pharma, up 2.72 per cent at Rs 559.90; Infosys, up 2.42 per cent at Rs 1,348.35; Reliance Industries, up 2.23 per cent at Rs 1,128.55; ICICI Bank, up 1.84 per cent at Rs 266; and Axis Bank, up 1.36 per cent at Rs 534.45 per share.

The top losers were Bajaj Auto, down 8.73 per cent at Rs 2,841.10; Vedanta, down 2.74 per cent at Rs 202.60; Hero MotoCorp, down 2.48 per cent at Rs 3,373.15; ONGC, down 2.20 per cent at Rs 157.85; and Kotak Mahindra Bank, down 1.24 per cent at Rs 1,333.45 per share.

 

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New Delhi: A Noida-based private University, Galgotias has come under severe criticism after allegedly showcasing a china-made robotic dog at the India AI Impact Summit 2026 in New Delhi.

Social media users accused the university of purchasing a commercial robot from China and presenting it as its own creation at the summit.

Reports claimed that the university showcased the Unitree Go2 robotic dog, an AI-powered device available on Chinese platforms for Rs 2–3 lakh, under the name “Orion” during the event in New Delhi.

“So Galgotia university purchased a commercially available robot worth Rs 2.5 lakhs, called it their own and passed it off in the Delhi AI Summit as a part of their 350 crore AI ecosystem..I literally have no words left,” wrote ‘X’ user Roshan Rai, sharing a video in which a DD News reporter interviewed a university official about the robotic dog.

The viral post claimed that the robot closely resembles Unitree Go2, a quadruped robotic dog developed by Chinese company Unitree Robotics.

Screenshots attached to the post compared the robot displayed at the summit with the Unitree Go2 listing, priced at roughly 2,800 dollars (around Rs 2.3–2.5 lakhs).

According Unitree Robotics, The Unitree Go2 is widely used as a programmable quadruped robot for research, education, inspection, and development purposes, and is a common learning platform in universities and robotics labs worldwide.

Several users reiterated the claim.

Government of India funds for filing patents

Meanwhile, concerns were raised about alleged misuse of government funds.

User @sky_phd highlighted, “Galgotias University is once again in the spotlight. Under the guise of research and innovation, they are raking in plenty of money.”

The user claimed that the university took money under government funds, and wrote, “The Government of India provides incentive funding of up to five lakh rupees for filing patents.”

“To understand the patent filing process and the games being played with it, take a look at the list of top Indian institutions filing patents. All the Indian Institutes of Technology (IITs) together file only 803 patents, while institutions like Lovely Professional University, Jain Deemed-to-be University, Galgotias University, and Teerthanker Mahaveer University have filed more than a thousand patents each,” the user wrote, sharing a chart of patent filings by these universities.

“The basic international patent filing fee is $285–400. Through patent filings alone, these institutions are reportedly earning more than fifty crore rupees annually. However, while these universities file patents, they often do not pursue them further, and most patents ultimately do not get granted. This inflates filing numbers but does not reflect real innovation or recognized intellectual property,” the user added.

Another user pointed out about the selection criteria of the summit. The user questioned, “What exactly was the selection criteria for participation in this AI summit? .”

“Platforms meant to showcase India’s innovation should represent genuine research, original ideas, and credible institutions. So how did Galgotias University qualify to display a Chinese-made robot and present it as its own “innovation”? If true, this isn’t just embarrassing, it undermines the credibility of the entire summit and of India’s growing tech ecosystem. At a time when India is trying to position itself as a global AI and deep-tech leader, showcasing repackaged imports as indigenous innovation only damages trust. If we want the world to take India’s AI ambitions seriously, transparency and authenticity must come first,” the user added.

 

University clarifies after backlash

In response to the criticism, Galgotias University issued a clarification, stating that it “never claimed to have built the device” and that the robot was procured from a Chinese manufacturer for academic purposes.

“Let us be clear, Galgotias has not built this robodog, nor have we claimed to do so. What we are building are minds that will soon design, engineer, and manufacture such technologies in Bharat," the university said.

The university in its statement also pointed out that the Unitree Go2 is being used as a learning tool for students.

“From the US to China and Singapore, we bring advanced technologies to campus because exposure creates vision, and vision creates creators. The robodog is actively being used by students to test capabilities and explore real-world applications,” the university added.

University professor claims “it's developed by the Center of Excellence at the Galgotias University.”

In another video captured by DD News, a reporter showcased the Galgotias University pavilion at the India AI Impact Summit 2026.

At the pavilion, the reporter spoke with the university professor about the technology on display.

The professor introduced the robot, saying, “This is Orion. You need to meet Orion. It has been developed by the Center of Excellence at Galgotias University.”

She added, “I would also like to brief you about Galgotias University. We are the first private university investing more than Rs 350 crore in artificial intelligence and have a dedicated data science and AI lab on campus.”

“Orion has been developed by our Center of Excellence. It can take all shapes and sizes and is quite playful. It can perform small tasks such as surveillance and monitoring. It can even execute movements like moonwalks and somersaults,” she explained.

She also claimed that, “This is India’s first iOS lab in North India at a university, giving our students hands-on experience with cutting-edge technology.”

Reacting to the video social media users ridiculed the 350 cr rupees investment compared to the china made robo dog.

Past Controversies of the University

This is not the first time the university is in controversy. In May 2024, during the Lok Sabha elections, a video went viral showing students protesting outside the Congress headquarters in New Delhi against the party’s manifesto. The footage, captured by Aaj Tak, showed students struggling to articulate the purpose of their protest, raising questions about the demonstration’s intent.

Earlier, in 2017, students protested against the university management after being barred from appearing in exams due to low attendance, with allegations that fines were requested to allow attendance, a claim denied by the administration.

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