Market Wrap: Sensex, Nifty extend gains into second straight session; investors earn over a lakh crore in a day
RBI MPC may maintain the status quo on August 10; comment on inflation, growth trajectory to be in focus Also, the inflation numbers of the US and China, expected this week, will be crucial factors that will dictate the mood of the market. Sensex opened 90 points higher at 65,811.40 against the previous close of 65,721.25 and rose 347 points in intraday trade to the level of 66,067.90.
The index closed 232 points, or 0.35 per cent, higher at 65,953.48 while the Nifty closed the day at 19,597.30, up 80 points, or 0.41 per cent. The BSE Midcap index rose 0.56 per cent while the Smallcap index ended 0.26 per cent higher.
Shares of Mahindra and Mahindra, Infosys, Reliance Industries and TCS ended as the top contributors to the gains in the Sensex index. The overall market capitalisation of the firms listed on BSE rose to ₹305.4 lakh crore from ₹304.2 lakh crore in the previous session, making investors richer by ₹1.2 lakh crore in a single session.
Grasim, Lupin, Naukri and Zomato were among the 299 stocks that hit their fresh 52-week highs in intraday trade today. (More to come)Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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