MARKET UPDATE: Sensex zoomed 510 points to quote at 54,333 levels and Nifty at 16,270 levels, up 130 points


Published On: Wednesday, August 4, 2021 | By:

MARKET UPDATE: Sensex zoomed 510 points to quote at 54,333 levels and Nifty at 16,270 levels, up 130 points

Factors like ample liquidity, solid earnings by India Inc, and a conducive global mood fired up stocks on Dalal Street today(4th August 2021) with benchmarks claiming fresh record peaks for the second consecutive day. The frontline BSE Sensex zoomed 510 points to quote at 54,333 levels after hitting a new peak of 54,340.5-mark in early deals. Its NSE counterpart, on the other hand, traded at 16,270 levels, up 130 points. In the intra-day session, it hit a new peak of 16,271. In the broader markets, the BSE MidCap and SmallCap indices also claimed new lifetime highs, adding 0.3 percent and 0.6 percent, respectively. About 70 companies, including State Bank of India, Titan Company, Godrej Consumer Products, HPCL, and PNB Housing Finance, that are slated to report their June quarterly result.

Analysts expect SBI to report a healthy set of numbers, supported by recovery from United Breweries Group's stake sale and lower interest income reversals. They are pencilling-in a year-on-year rise in net profit between 33 per cent and 63 per cent. 

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