Sensex slips 81 points; Nifty holds 14,100 level
January 07, 2021 16:20 ISTEquity benchmark Sensex slipped 81 points on Thursday, weighed by selling in IT, banks and consumption stocks despite a firm trend in global markets.
Equity benchmark Sensex slipped 81 points on Thursday, weighed by selling in IT, banks and consumption stocks despite a firm trend in global markets.
Snapping its 10-session winning run, equity benchmark Sensex tumbled 264 points on Wednesday, dragged by losses in Reliance Industries, ITC and Infosys.
In the previous session, Sensex ended 307.82 points or 0.64 per cent higher at 48,176.80, and Nifty jumped 114.40 points or 0.82 per cent to its fresh lifetime high of 14,132.90.
In the previous session, Sensex rose by 117.65 points or 0.25 per cent to close at a fresh lifetime-high of 47,868.98, while Nifty closed at an all-time high of 14,018.50.
Key stock indices Sensex and Nifty opened the New Year on a positive note with investors betting on IT, auto and select banking and financial stocks.
The National Stock Exchange breached the psychological 14,000 mark for the first time to trade at 14007.5 at 10:40 am.
Key benchmark indices Sensex and Nifty were trading flat in the early session on the last trading day of 2020 with IT and FMCG stocks cancelling out gains made by financials and energy shares.
On Monday, the Sensex had settled up by 380.21 points or 0.81 per cent at its all-time closing high of 47,353.75; and the Nifty too had risen by 123.95 points or 0.90 per cent to a new closing high of 13,873.20.
On the last trading day, Thursday, of the previous week, the 30-share Sensex had surged 529.36 points or 1.14 per cent to close at 46,973.54. The broader NSE Nifty had zoomed 148.15 points or 1.09 per cent to 13,749.25.
With no major domestic event lined up this week, equity markets would look at global trends, updates over the new virus strain and progress on vaccination to derive cues for further movement, analysts said. Equity markets may also witness volatility amid the monthly derivative expiry.
Equity benchmark Sensex jumped 529 points on Thursday following gains in index majors Reliance Industries, HDFC twins and ICICI Bank amid positive global cues.
Equity benchmark Sensex rallied 437 points on Wednesday, tracking gains in Infosys, HUL and TCS amid a positive trend in global markets.
Shares of Infosys gained over 2 per cent in early trade on Wednesday after the company said it has formed a long-term partnership with Daimler AG for a technology-driven IT infrastructure transformation. The stock jumped 2.31 per cent to its record high of Rs 1,249 on the BSE.
In the previous session, Sensex ended 452.73 points or 0.99 per cent higher at 46,006.69, and Nifty climbed 137.90 points or 1.03 per cent to 13,466.30.
Equity benchmark Sensex rebounded 453 points on Tuesday, tracking strong recovery in IT and banking stocks amid encouraging cues from European markets.
In the previous session, Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. This was its biggest single-day fall since May 4 this year. Nifty also tanked 432.15 points or 3.14 per cent to finish at 13,328.40.
Equity benchmark Sensex plummeted 1,407 points on Monday as panic over a new strain of coronavirus in the UK led to a massive selloff in global equities.
Sensex fell below over 1,500 point on Monday just before the closing, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries. The Nifty too slipped below 13,450-mark.
In the previous session, Sensex settled at a record 46,960.69, up 70.35 points or 0.15 per cent, while Nifty rose 19.85 points or 0.14 per cent to 13,760.55 -- its new closing high.
Extending its winning run to the sixth session, equity benchmark Sensex advanced 70 points to end at a new record on Friday following gains in Infosys, ICICI Bank, TCS and Reliance Industries.
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