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The Sensex climbed 57,500 mark for the first time ever on August 31, while the Nifty scaled 17,100 level.
All sectoral indices on the NSE barring Nifty Media closed in the green. Sustained buying momentum across all sectors was witnessed.
India's GDP for the April-June (Q1) quarter of the ongoing fiscal will be released today, 31 August 2021
According to reports bank’s internal audit head, Sumit Dhar has put in his papers. It would the third exit from the bank since March 2021.
IEX hit a record intraday high of Rs 521.55 in today's session. The scrip has rallied 180.7% from its 52-week low of Rs 181 hit on 4 November 2020.
Experts on the street opine that the near-term outlook is already priced in the leaving a limited room for upside.
Rahul Shah of Motilal Oswal said the flow of money moving from primary to the secondary sector will give further direction to the market.
In the grey market, the premium for Ami Organic shares has double to Rs 122 per share compared to yesterday’s premium of Rs 60.
The current market rally has been built on two key pillars: Strong liquidity conditions and Robust earnings growth.
Mohammad added that as long as the 50-share index sustains over 16,720-mark, one should remain positive and look for higher targets of 17,135.