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As On 05-Aug-2021 15:59 PM
SENSEX
54,492.84
123.07 (0.23%)
NIFTY
16,294.60
35.80 (0.22%)
    No Companies Visited

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  • Nifty scales 15,800 mark; metal stocks shine

    Key benchmark indices hit fresh intraday high in mid-morning trade with the Nifty scaling the 15,800 mak. Bargain hunting emerged after the Sensex and the Nifty corrected over 1.8% in the past three sessions.

    At 11:23 IST, the barometer index, the S&P BSE Sensex, jumped 615.84 points or 1.18% at 52,814.79. The Nifty 50 index gained 171.9 points or 1.1% at 15,804.

    In broader market, the S&P BSE Mid-Cap index surged 0.83% while the S&P BSE Small-Cap index was gained 1.5%.

    The market breadth was strong. On the BSE, 2245 shares rose and 794 shares fell. A total of 142 shares were unchanged.

    COVID-19 Update:

    Total COVID-19 confirmed cases worldwide stood at 191,951,455 with 4,126,444 global deaths.

    India reported 409,394 active cases of COVID-19 infection and 418,987 deaths, according to the data from the Ministry of Health and Family Welfare, Government of India.

    Buzzing Index:

    The Nifty Metal index jumped 2.2% to 5,307.95. The index lost 3.66% in the past two sessions.

    JSW Steel (up 3.3%), Jindal Steel & Power (up 2.97%), Tata Steel (up 2.86%), Hindalco Industries (up 2.83%) and Vedanta (up 2.63%), Steel Authority of India (up 2.36%), APL Apollo Tubes (up 2.27%), Coal India (up 1.47%), NMDC (up 1.37%) and Hindustan Zinc (up 1.01%) rose.

    Stocks in Spotlight:

    Wipro gained 1.32%. The IT major announced the launch of Wipro FullStride Cloud Services and its commitment to invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years. Wipro FullStride Cloud Services will bring the full portfolio of its cloud-related capabilities, offerings and talent to better orchestrate the cloud journey for clients. Wipro FullStride Cloud Services will build on Wipro's existing and extensive cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients.

    Reliance Industries (RIL) rose 0.43%. The company said that the appointment of Yasir Al Rumayyan as an independent director of the company has taken effect from 19 July 2021. On 24 June 2021, the board of the conglomerate had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent director.

    Global markets:

    Asian markets advanced on Thursday after solid company earnings boosted Wall Street, easing concerns about peak economic growth and coronavirus flareups. Markets in Japan are closed on Thursday for a holiday.

    Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fueling a risk-on rally.

    Back to news list
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Flash News 05-Aug-2021
  •  ( 15:59) REC Q1 FY22 PAT up 22.16% Y-o-Y to Rs 2,246.60 cr  
  •  ( 15:12) GAIL (India) consol. Q1 FY22 PAT up 235.49% Y-o-Y to Rs 2,157.15 cr  
  •  ( 15:10) Escorts Q1 PAT up nearly 93% YoY to Rs 178.5 crore  
  •  ( 13:41) European markets advance on Aug. 5 as investors digest corporate earnings  
  •  ( 13:40) Benchmarks attain all-time high again; The Nifty index reach 16,300 level  
  •  ( 12:42) The Nifty PSU Bank index snaps 3-day gaining trend  
  •  ( 12:41) The Nifty index traded above 16,250 level; weak market breadth  
  •  ( 12:40) Indices yield small returns after bouncing out of negative territory  
  •  ( 11:58) Life Insurance Corporation of India acquires 0.029% stake of JSW Steel  
  •  ( 11:54) Life Insurance Corporation of India acquires 0.029% stake of JSW Steel on Aug. 3  
  •  ( 11:21) Jindal Steel & Power July 2021 steel sales rise 5% Y-o-Y to 6.7 lakh tonnes  
  •  ( 10:05) Apollo Tyres consol. Q1 FY22 PAT stands at Rs 127.79 cr  
  •  ( 09:30) Adani Total Gas consol. Q1 FY22 PAT up 266.43% Y-o-Y to Rs 142.58 cr  
  •  ( 09:29) Sensex, Nifty retreat after scaling record high; breadth weak   
  •  ( 09:29) Kumar Mangalam Birla to step down as Vodafone Idea chairman  
  •  ( 08:22) US services sector index races to record high in July -ISM survey  
  •  ( 08:20) Asia-Pacific stocks trading mixed  
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05 August 2021 16:00
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