BW Businessworld
Sensex, Nifty Flat As Reliance, HDFC Bank Offset Losses In Consumer Stocks
The blue-chip NSE Nifty 50 index rose 0.08% to 13,693 by 0357 GMT, while the benchmark S&P BSE Sensex was flat at 46,668.92. Both the indexes have now hit record highs in 18 of 27 sessions.
Photo Credit :
Indian shares were little changed on Thursday after scaling record highs at the open, as gains in heavyweights HDFC Bank and Reliance Industries offset weakness in consumer and technology stocks.
The blue-chip NSE Nifty 50 index rose 0.08% to 13,693 by 0357 GMT, while the benchmark S&P BSE Sensex was flat at 46,668.92. Both the indexes have now hit record highs in 18 of 27 sessions.
Sensex, Nifty flat as Reliance, HDFC Bank offset losses in consumer stocks
Sensex, Nifty flat as Reliance, HDFC Bank offset losses in consumer stocks
At 9:27 am, S&P BSE Senses was trading flat at 46,668.92 while NSE Nifty rose 0.08 per cent to 13,693. Both the indexes have now hit record highs in 18 of 27 sessions.
advertisement
UPDATED: December 17, 2020 11:47 IST
Sensex and Nifty rose slightly in morning trade after scaling record highs at market opening. (Photo: Reuters)
Domestic indices witnessed little change on Thursday after touching record highs at market opening. While weakness in consumer and technology stocks pulled markets down, the losses were offset by gains in HDFC Bank and Reliance Industries.
Banks lift Sensex, Nifty to record closing highs
Banks lift Sensex, Nifty to record closing highs
Indian shares closed at record highs on Thursday on gains in financial stocks and heavyweight HDFC Bank, continuing a rally that has seen the country s main indexes scale fresh peaks in 18 of 27 sessions.
advertisement
(Representational Image)
Indian shares closed at record highs on Thursday on gains in financial stocks and heavyweight HDFC Bank, continuing a rally that has seen the country s main indexes scale fresh peaks in 18 of 27 sessions.
The blue-chip NSE Nifty 50 index closed 0.42% higher at 13,740.70, while the benchmark S&P BSE Sensex ended 0.48% higher at 46,890.34. At its session high, the Sensex was about seven points shy of crossing the 47,000 level for the first time.
Sensex opens at 46,677, Nifty at 13,681 points in opening session hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Shares of nine sugar makers rose by 0.84% to 4.25% after the Cabinet Committee on Economic Affairs (CCEA) on Wednesday (16 December 2020) approved assistance of about Rs 3,500 crore for sugarcane farmers.Uttam Sugar Mills (up 4.25%), Sakthi Sugars (up 3.88%), Rana Sugars (up 3.42%), Balrampur Chini Mills (up 2.88%), Dhampur Sugar Mills (up 2.79%), DCM Shriram (up 2.3%), EID-Parry (India) (up 1.8%), Dalmia Bharat Sugar and Inds (up 1.75%) and Andhra Sugars (up 0.84%) advanced.
Farmers sell their sugarcane to the sugar mills, however the farmers are not getting their dues from the sugar mill owners as they have surplus sugar stock. To address this concern, the government will be facilitating the evacuation of surplus sugar stock. This will enable payment of dues of the sugarcane farmers. The government will also incur about Rs 3,500 crore for this purpose, and this assistance would be directly credited into farmers accounts on behalf of sugar mills against cane price dues and subsequ