Sensex soars 873 points to new high, Nifty tops 16,130 mark

August 03, 2021 16:30

Equity benchmark indices scaled record new peaks on Tuesday with heavy buying in IT, FMCG and financial stocks.Experts said fundamental support to the bulls has been coming from increasing GST collections, good corporate results and manufacturing sector gaining a boost amid easing of Covid-related restrictions.

The market capitalisation of BSE-listed companies jumped to a record high of Rs 240 lakh crore, according to reports.At the closing bell, the BSE S&P Sensex was up by 873 points or 1.65 per cent at 53,823 while the Nifty 50 jumped by 246 points or 1.55 per cent to 16,131.

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