Nifty Today: Economic recovery lifts equities, Nifty crosses 16,250-landmark
Nifty Today: Economic recovery lifts equities, Nifty crosses 16,250-landmark
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The Faster economic recovery along with estimates of a possible less severe third Covid wave, lifted India's equity indices to record high levels on Tuesday, with the Nifty50 breaching the 16,000-mark. Besides, healthy macro-economic data, as well as better-than-expected quarterly results, boosted investor sentiments.

Keeping the same trade, On Wednesday, the benchmark indices are trading strongly in early trade on buying demand in index pivotals. During the morning session, Sensex has risen over 54,250, while Nifty 50 clocked over 16,250. The fresh peaks in benchmarks Sensex and Nifty 50 continued for the second consecutive day as investors were buying spree amid better-than-expected July 2021 earnings of India Inc, adequate liquidity, vaccination drive and conducive global sentiments. Tata Steel, HDFC surge around 2 percent each, Shree Cement while Bharti Airtel, ONGC, Tata Consumer plunge nearly 1 percent each. 

According to analysts, Investor's focus has also shifted on RBI who will begin their three-day monetary policy meet from today onward for deciding key rates. The final print of the monetary policy will be presented on August 06.

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