Sensex Claims 57K while Nifty Crosses 17K on Record Day

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Sensex Claims 57K while Nifty Crosses 17K on Record Day

By Aditya Raghunath

Investing.com -- Markets continued their upward momentum today with the BSE Sensex closing up 662 points or 1.16% up at 57,552 and the Nifty closed up 0.83% or 1.19% at 17,132. Asian exchanges which were all trading in the red today morning closed in the green. Nifty 50 Futures in Singapore also ended the day 1.1% up compared to the 8:30 AM report when they were 0.15% down.

Bharti Airtel (NS: BRTI ) led the gainers on the Nifty, closing up 6.7% followed by Bajaj Finance (NS: BJFN ) at 5.07%. Hindalco Industries Ltd. (NS: HALC ) and Eicher Motors (NS: EICH ) gained over 4.5% each.

Tata Motors (NS: TAMO ), Nestle (NS: NEST ) India and IndusInd Bank (NS: INBK ) lost over a percent each today. Reliance Industries (NS: RELI ) closed 0.58% lower.

Nikkei 225 closed up 1.08%, KOSPI 50 closed up 1.75% and the Shanghai Composite gained 0.45% today.

The extent of the Chinese economy’s slowdown under pressure from the latest wave of Covid-19 was apparent in the country’s official purchasing managers indices for August. The manufacturing PMI slowed to 50.1, only a whisker above the line separating growth from contraction.

US stocks are set to open higher later, still supported by hopes of a late and gentle beginning to the reduction of monetary stimulus.

As of this report, Dow Jones futures were up 0.2%, while the S&P 500 and Nasdaq 100 futures contracts were both up by a similar amount.

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  • Rabindra Narayan Singh @Rabindra Narayan Singh
    tommorow market rengebound
    Like 1
  • Abhishek Dirisipo @Abhishek Dirisipo
    Im new and have gained 10k ( my second trading day )
    Like 1
    • Pankaj kulthe @Pankaj kulthe
      market will take back money soon
      Like 0
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  • Lenovo Tablet @Lenovo Tablet
    buy nifty 2 sep 17200 put at 120-110.....tgt for that is at around 300+ . SL is at 90.🍻
    Like 2
  • satyabrata nayak @satyabrata nayak
    global mkt crash....
    Like 3

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