Share Market Highlights: Sensex ends 167 points lower after breaching 50K; PSU banks lead losses January 22,2021 09:17 IST
Sensex, Nifty Highlights on January 21: After hitting record highs in the morning trade, market indices turned volatile during the last hour and closed lower on Thursday, in line with mixed global equities. Earlier today, with Sensex rose above the psychological key level of 50,000 and Nifty above 14,700 for the first time. Reversing from gains, Sensex closed 167 points lower at 49,624 and Nifty fell by 54 points to end at 14,590. In early session today, Sensex and Nifty have hit fresh lifetime highs of 50,184 and 14,753, respectively. Companies set to announce their Q3 earnings are Asian Paints, Bajaj Auto, AAVAS Financiers, MCX India, SBI Cards and Payment Services, Bajaj Holdings & Investment, Bandhan Bank, Biocon, Cyient.
January 21, 2021
× The bullish momentum for the stock markets will continue on Thursday too, as the global cues and Asian markets indicate positive beginning. The SGX Nifty, which is currently ruling at 14,705, is pointing a gap-up of opening of about 50 points for Nifty50. The January futures of Nifty50 closed on Wednesday at 14,645.
All eyes are on the BSE Sensex, as it is tantalising close to 50,000 historical mark.
Overnight, the Dow Jones Industrial Average rose 257.86 points, or 0.83 per cent, to 31,188.38, the S&P 500 gained 52.94 points, or 1.39 per cent, to 3,851.85 and the Nasdaq Composite added 260.07 points, or 1.97 per cent, to 13,457.25.
Benchmarks of Japan, Nikkei, Taiwan, Korea, Jakarta, China and Australia are ruling firm in early trade on Thursday.
Shares of Kajaria Ceramics hit a record high of Rs 839, up 7 per cent, on the BSE on Thursday after the company said operating margins have touched a new high of 21.68 per cent in the October-December quarter (Q3FY21). The company said its sales volumes have improved by 11 per cent while sales have increased by 13 per cent over the corresponding quarter of the previous year. The tile industry witnessed gradual demand pickup from the month of July onwards. Tile consumption has found its way into smaller cities and retail markets as the heat of pandemic was felt much more in the urban markets at that point in time. Tier 2 and below markets, the management believes, will continue to thrive in future as well.
Read more about Kajaria Ceramics consolidated net profit rises 93.27% in the December 2020 quarter on Business Standard. Sales rise 13.09% to Rs 838.32 crore