Sensex Broke Through 55,000 Points And Set A Record High; Strong Financial Resources.

by Jyotiyadav August 13, 2021 0 Comment

Financial stocks led the gains this morning. HDFC, ICICI Bank, HDFC, IndusInd Bank and Axis Bank each rose about 1% on the Mad Cow Disease Index.

Despite mixed signals from the global market, the domestic stock market has remained open. Asian markets were lower this morning, while the Dow Jones and S&P 500 indexes closed at historical highs overnight. At 9:18 in the morning, BSE Sensex reported 55,040 points, up 207.15 points, and NSE Nifty reported 16,426.50 points, up 62.90 points or 0.38%. The broader market was also listed in green, with the BSE Midcap index and the BSE Smallcap index rising 0.1% and 0.4%, respectively.

Asian markets were lower; Kospi fell 1%, while the Hang Seng, Straits Times and Shanghai Composite Index fell 0.3-0.9%. The Dow Jones and Standard & Poor’s 500 indexes set a record closing for the third consecutive day on Thursday, with large technology stocks pushing the market up. At the same time, the International Energy Agency warned that as the global increase in COVID-19 cases forced governments to restart restrictions on flows, the growth in demand for crude oil and its products has slowed sharply, and oil prices fell for the second day on Friday.

In terms of revenue, Godrej Industries, Grasim Industries, NBCC (India), NHPC and ONGC will report their June quarter data on the same day.

Financial stocks led the gains this morning. HDFC rose 41.2% to 2703 rupees, ranking first on the list of BSE winners. Among other financial stocks, ICICI Bank, HDFC, IndusInd Bank, and Axis Bank all have approximately 1% in return. M&M, L&T, and ITC also account for approximately 1% of the EEB.

On the other hand, some pharmaceutical stocks were trading weak, Sun Pharma and Dr. Reddy each fell nearly 1% on the BSE.

Sensex Broke Through 55,000 Points And Set A Record High; Strong Financial Resources.

Jyotiyadav

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Sensex Broke Through 55,000 Points And Set A Record High; Strong Financial Resources.

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