shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Mumbai > Mumbai News > Article > Sensex jumps over 300 pts in early trade Nifty tops 15850

Sensex jumps over 300 pts in early trade; Nifty tops 15,850

Updated on: 02 August,2021 10:15 AM IST  |  Mumbai
PTI |

The 30-share index was trading 333.69 points or 0.63 per cent higher at 52,920.53 in initial deals, while the broader NSE Nifty advanced 101.65 points or 0.64 per cent to 15,864.70

Sensex jumps over 300 pts in early trade; Nifty tops 15,850

This picture has been used for representational purpose

Equity benchmark Sensex surged over 300 points in early trade on Monday, tracking gains in index majors HDFC, Reliance Industries and Infosys amid a positive trend in global equities. The 30-share index was trading 333.69 points or 0.63 per cent higher at 52,920.53 in initial deals, while the broader NSE Nifty advanced 101.65 points or 0.64 per cent to 15,864.70.


Titan was the top gainer in the Sensex pack, rising around 2 per cent, followed by Axis Bank, Bharti Airtel, HDFC, Maruti, Bajaj Finserv, Infosys and Reliance Industries. On the other hand, Tech Mahindra, Sun Pharma, NTPC, PowerGrid and Dr Reddy's were among the laggards. In the previous session, Sensex slipped 66.23 points or 0.13 per cent to close at 52,586.84, while the broader NSE Nifty dipped 15.40 points or 0.10 per cent to 15,763.05.


Also read: Sensex jumps over 400 pts in early trade; Nifty tops 15,750


Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 3,848.31 crore on Friday, as per provisional exchange data. "Barring financials, June quarter earnings so far have been encouraging and most companies succeeded to beat consensus estimates, which offered comfort and aided to restrict sharp fall despite selling pressure in global equities," said Binod Modi Head-Strategy at Reliance Securities.

Further, persistent soft monetary policy stance of Federal Reserve along with least possibility of any reversal of monthly bond buying in the near to medium term and recent softening of dollar index augur well for emerging markets including India, Modi added. Elsewhere in Asia, bourses in Shanghai, Seoul, Tokyo and Hong Kong were trading with significant gains in mid-session deals. Meanwhile, international oil benchmark Brent crude declined 1.14 per cent to USD 74.55 per barrel.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK