Sensex Jumps 364 Pts Led By Blue-chips
The Dalal-Street on Monday, August 2 remained mostly positive led by advances in heavyweights like Reliance, TCS. At close, Sensex was at 52,950.63, up by 363.79 points, and the Nifty-50 was up 122.10 points at 15,885.15.
Shares of Titan Company jumped over three per cent in the day's trade, while those of Axis Bank, TCS, and Reliance surged over a per cent each in the 30-share pack Sensex. Overall in the index, 21 scrips advanced, and nine shares declined.
Experts feel that the market sentiment is upbeat on several factors including strong GST collections for the month of July which remained over one lakh crore and also cues from manufacturing activity in the country.
"Sentiments were upbeat as India's manufacturing sector activities witnessed the strongest rate of growth in three months in July amid improved demand conditions and easing of some local COVID-19 restrictions," said an expert.
The broader markets however outperformed the benchmarks as both BSE Midcap and Smallcap indices surged over a per cent each. Shares of Oberoi Realty, Chola Investments, and PI Industries gained 10-13 per cent each in the Midcap space on Monday.
Overall in the market, 2007 shares advanced, 1071 shares declined, and 136 shares were unchanged.
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