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August 02, 2021 / 03:48 PM IST

Closing Bell: Nifty above 15,850, Sensex gains 363 pts led by realty, auto stocks

All the sectoral indices ended in the green with auto, IT, oil & gas and realty indices up 1-4.5 percent. The midcap and smallcap indices added 1 percent each.

  • IndexPricesChangeChange%
    Sensex60,077.8829.41 +0.05%
    Nifty 5017,855.101.90 +0.01%
    Nifty Bank38,171.25340.95 +0.90%
    Nifty 50 17,855.10 1.90 (0.01%)
    Mon, Sep 27, 2021
    Biggest GainerPricesChangeChange%
    Maruti Suzuki7,403.45451.20 +6.49%
    Biggest LoserPricesChangeChange%
    HCL Tech1,295.20-63.00 -4.64%
    Best SectorPricesChangeChange%
    Nifty Auto10765.15336.15 +3.22%
    Worst SectorPricesChangeChange%
    Nifty IT36034.40-1068.90 -2.88%


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  • August 02, 2021 / 03:53 PM IST

    Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers:

    Indian markets started on a positive note following upbeat Asian market peers as China’s official manufacturing PMI released over the weekend also showed factory activity growth in July. During the afternoon session the markets maintained their upward momentum following gains in Realty, Energy and Consumer Durables stocks. Healthy buying was also observed in blue-chip stocks. 

    Sentiments were upbeat as India's manufacturing sector activities witnessed the strongest rate of growth in three months in July amid improved demand conditions and easing of some local COVID-19 restrictions. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose from 48.1 in June to 55.3 in July, pointing to the strongest rate of growth in three months. 

    Adding more positivity, Union Finance Minister Nirmala Sitharaman states that Goods and Services Tax (GST) collection for July 2021 has again crossed Rs 1 lakh crore with easing out of COVID-19 restrictions and added it indicates that the economy is recovering at a fast pace.

  • August 02, 2021 / 03:37 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some lackluster movement and an attempt to overcome the resistance level around the Nifty 50 Index level of 15,900. The expected levels of the market are likely to be in the range of 15800 and 15950, and it is going to be crucial for the short-term market scenario to sustain above the 15800 level. Technical indicator suggests, a volatile movement in the market in a small range.

  • August 02, 2021 / 03:36 PM IST

    Rupee Close:

    Indian rupee ended higher at 74.33 per dollar, amid buying saw in the domestic equity market. It opened marginally higher at 74.38 per dollar against Friday's close of 74.41 and traded in the range of 74.32-74.43.

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  • August 02, 2021 / 03:34 PM IST

    Market Close: Benchmark indices ended higher with Nifty above 15,850 on August 2 led by the auto, realty and oil & gas stocks.

    At close, the Sensex was up 363.79 points or 0.69% at 52,950.63, and the Nifty was up 122.20 points or 0.78% at 15,885.20. About 2007 shares have advanced, 1071 shares declined, and 136 shares are unchanged.

    Shree Cements, Titan Company, BPCL, Grasim Industries and Eicher Motors were the top Nifty gainers. UPL, Tata Steel, Bajaj Finserv, Bajaj Finance and NTPC were among the top losers.

    All the sectoral indices ended in the green with auto, IT, oil & gas and realty indices up 1-4.5 percent. The midcap and smallcap indices added 1 percent each.

  • August 02, 2021 / 03:20 PM IST

    Marwadi Shares and Finance view on Devyani International IPO:

    Considering the FY-21 adjusted EBITDA of Rs 1789.23 on post issue basis, the company is going to list at EV/EBITDA of 62.39 with a market cap of Rs 1,08,227 mn, while its peers namely Jubilant Food and Westlife Development is trading at EV/EBITDA of 66.02 and 206.11 respectively.

    We assign “Subscribe” rating to this IPO as the company is a multidimensional comprehensive QSR player with a portfolio of highly recognized global brands and is available at reasonable valuation as compared to its peers.

  • August 02, 2021 / 03:08 PM IST

    Ramkrishna Forgings bags domestic order of Rs 51 crore:

    Ramkrishna Forgings has received domestic order worth Rs 51 crore from a Foreign Multinational Tier 1 OEM. The order is to be implemented over the period of 3 years distributed equally.

    Ramkrishna Forgings touched a 52-week high of Rs 890.15 and was quoting at Rs 874.80, up Rs 43.45, or 5.23 percent on the BSE.

  • August 02, 2021 / 03:04 PM IST

    Jyoti Roy - DVP- Equity Strategist, Angel Broking:

    India's manufacturing output rebounded strongly as indicated by the PMI which came in at 55.3 as compared to 48.1 in June. This is the strongest reading in the past three months and indicates that manufacturing activities are fast recovering from the pandemic induced slowdown in May and June. 

    Expansion was witnessed across all segments including output, new orders, exports, quantity of purchases and input stocks, while employment too witnessed marginal uptick after 15-months of contraction. 

    We expect manufacturing activities will continue to expand in the coming months as given significant easing of restrictions in June and July. 

    Moreover there are also early signs that manufacturing inflation is starting to abate as the PMI numbers indicated the slowest increases in input costs and output charges in the past seven months. Overall the Manufacturing PMI numbers should have a positive rub off on the markets.

  • August 02, 2021 / 03:01 PM IST

    Market at 3 PM

    Benchmark indices erased some of the intraday gains but still trading higher with Nifty around 15,850.

    The Sensex was up 330.58 points or 0.63% at 52,917.42, and the Nifty was up 111.50 points or 0.71% at 15,874.50. About 2015 shares have advanced, 1048 shares declined, and 132 shares are unchanged.

      Market at 3 PM  

 Benchmark indices erased some of the intraday gains but still trading higher with Nifty around 15,850. 

 The Sensex was up 330.58 points or 0.63% at 52,917.42, and the Nifty was up 111.50 points or 0.71% at 15,874.50. About 2015 shares have advanced, 1048 shares declined, and 132 shares are unchanged.
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  • August 02, 2021 / 02:53 PM IST

    Nifty infrastructure index up 1 percent led by the CONCOR, Tata Power, Balkrishna Industries

  • August 02, 2021 / 02:48 PM IST

    Rupee Updates: 

    Indian rupee is marginally higher at 74.35 per dollar, amid buying seen in the domestic equity market.

    It opened marginally higher at 74.38 per dollar against Friday's close of 74.41.

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