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Sunday, August 1, 2021

Global stocks hit a record and Sensex ends 221 points higher

On Tuesday, domestic equity indexes have finished a range-bound exchange in the positive area, with the decrease of Covid-19 cases and the positive global mood. S&P BSE Sensex acquired 52,869.5 levels whereas the Nifty50 index exceeded the 15,900 mark to 15,902.

BSE barometer was close too, with 52,773 levels and a 0.4% or 221 points. Additionally, the 50-share index was at 15,869 level, a 0.36% or 57 points.

The indicators’ breadth was 1:1 with Axis Bank, Asian Paints, Britannia Industries, ICICI Bank, Indian Oil Corporation and SBI Life who managed to be the top gainers, between 1% and 3%. On the other hand, Coal India, Bajaj Finserv, Divis Labs, Hindalco, Dr Reddy’s Labs and Sun Pharma managed to have less progress by a 1.6% downfall.

In the bigger markets, the BSE MidCap index gained 0.6% more among GMR Infra, Whirlpool of India, Future Retail and Crisil.

Among other sectors, PSU Bank, Metal and Nifty Pharma indexes lost on the NSE, with a 0.8%, 0.05% and 0.26% downfall. However, the top gainers of NSE were Nifty Media index with an increase of 2%, ad Nifty Realty index with an increase of 1.3%.

On Tuesday, global stocks hit another milestone record, when the European stocks had their longest streak on winning since 2019, with the investors betting that the ”transitory” inflation pressures will more likely stand where they are, at the US Federal Reserve’s hand.

A number of investors who were surveyed by BofA, stated how the inflation was transitory, back when in March the sustained prices had increased and the US was sent to a Treasury of yields for 10 years, with a surge of almost 1.8%.

 

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