Sensex hits record high at 52,000, Nifty 50 crosses 15,000 mark reporters@khaleejtimes.com Filed on February 15, 2021
The NSE Nifty 50 index was 0.83 higher at 15,289.75 by 0450 GMT, while the S&P BSE Sensex was up 0.95 at 52,031.87. Both indexes hit record highs in early trading.
Indian shares hit an all-time high on Monday with financial stocks leading broad-based gains, as upbeat corporate earnings raised hopes of a faster economic recovery while buoyant global markets also aided risk sentiment.
India’s main stock indexes have gained 12 per cent so far in February in a rally powered by a high-spending federal budget and stronger-than-expected December-quarter earnings reports from companies.
India Business News: Equity indices rallied on Monday with benchmark BSE sensex rising over 600 points led by gains in banking and financial stocks. The 30-share BSE index
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FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photo
BENGALURU (Reuters) - Indian shares ended lower on Friday, slipping from record levels hit in the previous session on weakness in bank and metals stocks, while investors eyed heavyweight Reliance Industries’ quarterly results.
The blue-chip NSE Nifty 50 index fell 1.5% to 14,371.90 and the benchmark S&P BSE Sensex fell 1.5% to 48,878.54. The Nifty index saw its first weekly drop in four, while the Sensex posted its first weekly drop in twelve.
“There is some market fatigue that is creeping in after a massive rally. Even though foreign investors remain net buyers in the market their numbers have come down sharply,” said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services.
Domestic markets end lower as banks, metals drag
Domestic markets end lower as banks, metals drag
The blue-chip NSE Nifty 50 index fell 1.5% to 14,371.90 and the benchmark S&P BSE Sensex fell 1.5% to 48,878.54. The Nifty index saw its first weekly drop in four, while the Sensex posted its first weekly drop in twelve.
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UPDATED: January 22, 2021 17:17 IST
The Nifty bank index fell 3.2%, while the metals index dropped 3.9%. The bank index saw its first weekly drop in four, while the metals index has shed most gains since the beginning of the month. (Photo: Reuters)
Indian shares ended lower on Friday, slipping from record levels hit in the previous session on weakness in bank and metals stocks, while investors eyed heavyweight Reliance Industries quarterly results.
IT services major Wipro s share buyback programme will commence on December 29 and close on January 11, 2021. In November, shareholders had approved the buyback plan for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. The company has set December 11, 2020 as the record date for determining eligibility for the buyback. So, should you tender your shares in the repurchase programme? Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said that since the IT stocks, including Wipro, have done well over the past few months, investors looking for a payout can tender their shares.