- Title: Indian shares rise on boost from auto, energy stocks
- Date: 2nd August 2021
- Summary: MUMBAI, MAHARASHTRA, INDIA (AUGUST 02, 2021) (ANI - NO USE INDIA) VARIOUS OF BOMBAY STOCK EXCHANGE (BSE) BUILDING VARIOUS OF PEOPLE OUTSIDE BSE (SOUNDBITE) (English) STOCK MARKET EXPERT, SUNIL SHAH, SAYING: "Q1 results, which are so far announced, they have been good to very good and most of them are better than expectations and that is the reason that investors are lapping on to the shares and more money is flowing to the market. Last week, we saw some kind of correction for two-three days. But as we have seen in the past, every correction is used to buy more shares and that's the reason that today the sensex is up and the mood, the undercurrent is very bullish." VARIOUS OF BSE BUILDING PEOPLE OUTSIDE BSE
- Embargoed: 16th August 2021 10:58
- Keywords: BSE Bombay Stock Exchange India Mumbai Nifty results sensex share market stock market
- Location: MUMBAI, MAHARASHTRA, INDIA
- City: MUMBAI, MAHARASHTRA, INDIA
- Country: India
- Topics: Asia / Pacific,Economic Events
- Reuters ID: LVA001EOL65VZ
- Aspect Ratio: 16:9
- Story Text: Indian shares rose on Monday (August 02), led by auto stocks as monthly data showed a recovery in July sales after a second wave of COVID-19 cases had dented demand, while a pick-up in fuel demand lifted energy companies.
By 0452 GMT, the blue-chip NSE Nifty 50 index climbed 0.6% to 15,857 and the benchmark S&P BSE Sensex rose 0.56% to 52,879.31.
The Nifty auto index rose 1%, led by more than 1%-2% gains in Maruti and Tata Motors, Mahindra and Mahindra Ltd, Eicher, and Ashok Leyland.
In broader markets, Asian shares were trying to stabilize, though Beijing's regulatory crackdown continued to reverberate amid disappointing economic news. - Copyright Holder: ANI (India)
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