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Sensex nears 54k as lockdown rules eased
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Sensex nears 54k as lockdown rules eased
TNN / Aug 4, 2021, 03:56 IST
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MUMBAI: Smart gains in HDFC, TCS, Infosys and HUL propelled the sensex and the Nifty to new life highs on Tuesday as several states announced relaxation of Covid-induced lockdowns, raising hopes that the domestic economy could recover from the impact of the second wave quickly than was expected earlier. As a result, the sensex rallied 873 points or 1.7% to close at 53,823, while the Nifty closed at 16,131 points, up 256 points or 1.6%.
The strong buying in the market also pushed investors’ wealth to a new peak with BSE’s market capitalization now at Rs 242 lakh crore, or about $3.3 trillion.
Mumbai
Maharashtra
India
Amar-ambani
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Research-head
Infosys
Motilal-oswal-financial-services
Tata-steel
Senior-president
Yes-securities
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