Monday, August 2, 2021
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.
