Sensex up 364 pts, Nifty tops 15,850; auto, IT, realty stocks march ahead
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
Stock market updates: Propelled by solid buying in realty, IT, auto, and select PSU bank stocks, equity markets skyrocketd on Monday. Besides, a stable global mood further cemented position of market bulls.
MSCI's main European Index rose around 0.8 per cent, while the STOXX 600 hit a new all-time high, up 0.7 per cent. In Asia, Nikkei jumped 2 per cent, Kospi rallied 0.65 per cent, and Hang Seng added 1 per cent.
Back home, the frontline S&P BSE Sensex zoomed 364 points, or 0.69 per cent, to close at 52,951 levels while the broader Nifty50 shut shop at 15,885-mark, up 122 points.
In the broader markets, both, the BSE MidCap and SmallCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade. They ended at 23,331 and 27,072, up 1 per cent each. Sectorally, all the indices ended in the green, led by the Nifty Realty index (up 5 per cent), and the Nifty Auto index, up 1.4 per cent.
3:51 PM
TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities
Index opened a day with good gap & managed to hold bullish stream throughout day and closed a day at 15885 with gains of nearly one percent. the index reached to its upper band of the overall range currently overall range is coming at 15600-16000 mark which hints one can start locking their gains on every rise and if index managed to give a decisive close above 16k mark then only we can say breakout is done & then we may see more northward move in near term, immediate support is coming near 15815-15750 zone & resistance is placed at 15920-16000 mark.
3:51 PM
CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services
Tracking global sentiments, vibrant domestic sectors like realty, auto, IT and chemicals provided an edge to Indian equities. Recovery is seen in July auto sales and an improved outlook for real estate due to a surge in property registrations helped these sectors to trade higher. $1 trillion infrastructure spending package in the US provided better prospects to the core economy, aiding global markets to start the month on a strong footing.
3:50 PM
Airtel gains ahead of June quarter show
3:49 PM
Earnings Impact :: Cholamandalam Investment surges 11%
Shares of Cholamandalam Investment and Finance Company (CIFC) moved higher by 11 per cent to Rs 529 on the BSE in the intra-day trade on Monday on the back of heavy volumes after the non-banking finance company (NBFC) reported a good set of numbers for the quarter ended June 2021 (Q1FY22). READ MORE
3:47 PM
Result Reaction :: Emami gains over 2% after hitting record peak intra-day
>> Emami, posted a 96.53 per cent increase in profit after tax (PAT) to Rs 77.79 crore on a consolidated basis for the quarter ended June 30, 2021, on a lower base. It was at Rs 39.58 crore in the year-ago period.
3:45 PM
IRCTC jumps 6% as firm to mull stock split
3:44 PM
Earnings Impact :: HDFC gains post Q1 results
India’s biggest mortgage lender HDFC on Monday reported a 1.6 per cent year-on-year (YoY) decrease in standalone net profit at Rs 3,000.67 crore for April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses. In the year-ago period, the profit stood at Rs 3,051.5 crore.
3:42 PM
Top gainers & losers from auto index post July sales figures
3:41 PM
Nifty Realty hits multi-year high; all constituents end in the green
3:40 PM
SECTOR VIEW :: All sectors gain led by Nifty Realty
3:39 PM
BSE Smallcap ends 1.07% up at 27,072
>> Index had scaled all-time high of 27,106.46 in trade today
>> Top gainers and losers from the smallcap space
>> Top gainers and losers from the smallcap space
3:37 PM
BSE Midcap index settles 1.05% higher
>> Top gainers and losers from the midcap pack
>> Index had hit all-time high of 23344.49 in trade today
3:35 PM
Sensex Heatmap | Top gainers & losers at close
Top gainers: Titan, M&M, Axis Bank
Top losers: Tata Steel, Bajaj twins
Top losers: Tata Steel, Bajaj twins
3:34 PM
CLOSING BELL :: Sensex gains 364 points, ends only 50 points shy of 53K; Nifty tops 15,850
The benchmark indices gained after a one-day hiatus, helped by gain in global markets and firm macroeconomic data. The BSE barometer Sensex closed 364 points or 0.69% higher at 52,951. NSE Nifty ended at 15,885, up 122 points or 0.77%. Broader markets outperformed as Midcap and Smallcap indices gain 1% each.
3:19 PM
Sensex Heatmap at this hour
Topics : MARKET LIVE MARKET WRAP Markets Q1 results Auto sales HDFC Britannia Industries Global Markets SGX Nifty Wall Street S&P BSE Sensex Nifty50
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First Published: Aug 02 2021 | 8:17 AM IST