Share Market: Market closed at new record high, Nifty closed above 16,100 and Sensex 53,800 for the first time

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Mumbai . Indian stock markets today closed at a record high on Tuesday. Nifty crossed the 16 thousand mark for the first time. At the same time, Sensex managed to close beyond 53,800. Nifty saw the biggest rally after 21st May today i.e. on 3rd July and it managed to close above 16000 for the first time. Banking, FMCG, auto stocks also saw a great rise in today’s business.

At the end of trading, the Sensex closed at 53,823.36 with a gain of 872.73 points or 1.65 per cent. On the other hand, Nifty closed at 16,130.75 with a gain of 245.60 points or 1.55 per cent.

Market support from FMCG, pharma and auto sectors

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The market got support from FMCG, Pharma and Auto sectors. On NSE, all the three indexes gained more than 1%. In the pharma sector, Sun Pharma’s stock closed at 792, up 2.19%. In the FMCG sector, Nestle India’s stock closed at 18,298 with a gain of 3.29%. On the other hand, the share of Tu Investment in the auto sector closed at 1,165 with a gain of 5.80%.

Strong economic data supported the market in July

> Industrial production expected to grow by 9.7% in 2021
> GST collection up by 33.14% from July 2020
> Unemployment rate reduced to 6.95% from 9.17% in June
> Good results of companies in June quarter
> More than a third of the companies talked about increasing production
> 3,366 shares traded on BSE

3,376 shares were traded on BSE. It saw an increase in 1,738 shares and a fall in 1,505 shares. The total market cap of listed companies has also crossed Rs 240.11 lakh crore.

Dabur’s June quarter profit up 28%

FMCG company Dabur has released the June quarter results. The company’s profit grew 28.4% year-on-year to Rs 438.3 crore in the June quarter, as against Rs 341.3 crore in the same quarter last year. At the same time, the company’s income has also increased by 32%. Income has increased from Rs 1980 crore to Rs 2611.5 crore.

Vodafone Idea shares fall 12%
Shares of Vodafone Idea (Vodafone Idea -VIL) hit a 52-week low in intraday on BSE on Tuesday. The company’s shares fell 12 per cent to Rs 7.26. On this decline, the company’s promoter Kumar Mangalam Birla has told the government that he is ready to give up his stake.
Earlier, the company’s shares had reached a level of Rs 7.60 on 19 October last year. It was trading at the lowest level since July 2020. This stock had reached a record low of Rs 2.61 in November 2019. At 2:15 pm, it was trading at Rs 7.45, down 9.70 percent.

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