Share Market Highlights: Sensex, Nifty end flat after hitting record highs; Infosys, HDFC, SBI top gainers
Stock Market News Updates Today: Earlier today, Sensex hit a record high of 51,804 and Nifty hit a lifetime high of 15,243
BusinessToday.In | February 12, 2021 | Updated 15:51 IST
Share Market LIVE News: Here s a look at the LIVE updates of the market action on BSE and NSE today
Sensex, Nifty LIVE Updates on February 12: After trading near record highs in early session, market indices turned volatile and closed flat on Friday, amid mixed cues from global equities. Paring gains from early trade, Sensex ended 12 points higher to 51,544 and Nifty fell by 10 points to 15,163. Earlier today, Sensex hit a record high of 51,804 and Nifty hit a lifetime high of 15,243. Bajaj Finserv, Infosys, HCL Tech, Tech Mahindra, HDFC Bank, TCS were among the top gainers today while Titan, L&T, Tata Motors, Coal India, Eicher Motors were among the top losers. Investors will also await key data
Taking Stock | Sensex up 222 points, Nifty above 15,150; smallcaps shine
Hindalco Industries, Reliance Industries, Sun Pharma, Adani Ports and GAIL were among the major Nifty gainers, while losers included Eicher Motors, Titan Company, NTPC, L&T and Tata Motors. February 11, 2021 / 04:37 PM IST
The market ended higher on February 11, after seeing consolidation in the previous two sessions, on the back of buying in the oil & gas, metal and IT names. At close, the Sensex was up 222.13 points, or 0.43 percent, at 51,531.52, and the Nifty rose 66.80 points, or 0.44, to 15,173.30. Markets ended with modest gains in a volatile trading session. After the initial downtick, the benchmark recovered in no time and remained range-bound thereafter, said Ajit Mishra, VP-Research, Religare Broking.
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NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart.
Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.” Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and smallcaps. The additional stimulus announced in the US did not gain much momentum in the global market as the quantum of the benefit was well-factored, but Europe and EMs are maintaining buoyancy. In the coming days, the market will also focus on Brexit trade deals, which are expected to be finalized soon and fallout in the economy due to strict lockdown, said Vinod Nair, Head of Research at Geojit Financ
Synopsis
Realty stocks saw a spike as investors expect the pick up in residential sales to continue into a solid recovery, while Burger King India trebled from its issue price, and is showing no signs of slowing down.
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As many as 474 stocks rose by their daily limit on the BSE.
MUMBAI: Robust gains in HDFC twins and IT majors drove benchmark equity indices to new highs on Wednesday. During the session, Nifty formed a small positive candle with a long lower shadow, indicating an upside breakout of the small range at 13,600.
Barometer Sensex rose 0.87 per cent to 46,666.46 points, while peer Nifty advanced 0.85 per cent to 13,682.70 points.