MARKET UPDATE: Sensex rallied 330 points to trade at 52,916 levels and Nifty hovered around the 15,850-mark, up 92 points


Published On: Monday, August 2, 2021 | By:

MARKET UPDATE: Sensex rallied 330 points to trade at 52,916 levels and Nifty hovered around the 15,850-mark, up 92 points

The Indian benchmark indices were up by over 0.5 percent today (2nd August 2021) mainly due to hopes of strong June quarter results, supported by a firm global set-up. Japan's Topix index rose 1.5 percent, Australia's S&P/ASX 200 Index rose 0.1 percent and South Korea's Kospi index gained 0.3 percent in Asia. The S&P BSE Sensex rallied 330 points in early deals to trade at 52,916 levels while the Nifty50 hovered around the 15,850-mark, up 92 points. In the broader markets, small-cap stocks outperformed the frontline indices. In terms of sectoral rotation, investors moved away from metals towards auto stocks. Forty-nine companies HDFC, Punjab National Bank, and Varun Beverages are among the 49 companies slated to report their June quarter results today.

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