| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 84,363.37 | 411.18 | +0.49% |
| Nifty 50 | 25,843.15 | 0.00 | +0.00% |
| Nifty Bank | 58,033.20 | 0.00 | +0.00% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Cipla | 1,639.10 | 61.50 | +3.90% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| ICICI Bank | 1,390.30 | -46.30 | -3.22% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 7857.85 | 219.10 | +2.87% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Auto | 27185.50 | -43.10 | -0.16% |
Progressive economic data indicates a strong rebound from the impact of the second wave of COVID-19. All major domestic data like PMI index, GST collection, corporate earnings, export data, etc., favour a strong recovery. This has added euphoria in the domestic market reaching new highs along with context to a drop in global risk after the accommodative monetary & fiscal policy announcements. A similar monetary policy is expected from the RBI this week.
Nifty made a strong bullish bar today. It opened at 15,951 and closed with 246 points in positive. Nifty managed to cross all its resistance and closed at 16,130.75. Volumes on Nifty were higher than average which indicates strength. We can expect nifty to touch 16,250 and 16,400 in the coming days. On the lower side, 15,950 and 15,880 will act as strong support.
Healthy buying in most sectors pushed domestic equities to record high levels in the intraday trade on August 3.
The Sensex hit its fresh all-time high of 53,887.98, while the Nifty made a fresh peak of 16,146.90 in intraday trade.
In sync with the benchmarks, the BSE midcap and smallcap indices also scaled record highs of 23,443 and 27,232, respectively.
Eventually, Sensex closed with a gain of 873 points, or 1.65 percent at 53,823.36 while the Nifty finished at 16,130.75, up 246 points, or 1.55 percent.
BSE Midcap index closed at 23,374, up 0.19 percent while the smallcap index settled with a gain of 0.23 percent at 27,134.
More than 500 stocks, including Jain Irrigation Systems, Trident, Suzlon Energy, Nahar Polyfilms, Nureca, Rushil Decor, PG Electroplast, Ansal Properties, Intense Technologies and Mindteck, hit their upper circuits in intraday trade on BSE.
More than 525 stocks, including Infosys, State Bank of India, Sun Pharma, Titan, UltraTech Cement, ACC, Ambuja Cement, Dabur, Bata India, Divi's Labs, DLF, DMart, Godrej Agrovet, Godrej Consumer, Godrej Properties, Jubilant FoodWorks, Nocil, Wipro and Torrent Pharma, hit their fresh 52-week highs on BSE in intraday trade on August 3.
Indian market sentiment remained positive with the GST collection increasing and the manufacturing sector gaining a boost and posting the strongest rate of growth in the month of July amid the easing of COVID-related restrictions.
We have witnessed the breach of 15,950 level and sustaining above 15,950, we expect the market to gain momentum, leading to an upside projection till 16,100-16,150 levels.
Technical indicators also support positivity in the market. Higher earnings by companies in the global market is another factor that is adding positive sentiment to the market.
Net profit at Rs 1,341.7 crore against CNBC-TV18 Poll of Rs 1,297 crore. Revenue at Rs 4,556.8 crore against CNBC-TV18 Poll of Rs 3,802 crore.Cargo volume guidance revised to 350-360 mmt from 310-320 mmt.
Net profit at Rs 117.4 crore against Rs 18 crore (YoY). Revenue at Rs 714 crore against Rs 331.8 crore (YoY). EBITDA at Rs 132.5 crore against Rs 34.8 crore (YoY). EBITDA margin at 18.6 percent against 10.5 percent (YoY).
Net profit at Rs 60 crore against loss of Rs 9.2 crore (YoY). Revenue at Rs 553.6 crore against Rs 219.1 crore (YoY). EBITDA at Rs 128.5 crore against Rs 23.5 crore (YoY). EBITDA margin at 23.2 percent against 10.7 percent (YoY).
