Sensex fails to hold 50,000 mark, ends 167 points lower; banks drag
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Share Via 21 Jan 2021, 03:51:23 PM IST
Sensex gives up 50k mark at close
The benchmark Sensex hit the 50,000 milestone for the first time ever on Thursday but failed to hold on to the gains and closed 559 points lower from the day s highs on profit booking. The index closed 167 points lower at 49,625.
Nifty closed at 14,590.35, down 54 points. All sectoral indices closed in the red with banks and financials biggest laggards. Market breadth was negative with midcaps and small caps ending deep in the red.
Bajaj Finance, its twin Finserv and Bajaj Auto were the top gainers for most part of trade.
Share Market Highlights: Sensex ends at record high, Nifty at 14,644; Tata Motors, M&M, Wipro top gainers January 20,2021 16:29 IST
Sensex, Nifty Highlights on January 20: Equity benchmark closed at new record highs on Wednesday, tracking positive trend from global equities, on hopes of fresh US stimulus measures. Rising for the second straight session, Sensex ended 393 points higher at 49,792 and Nifty gained by 123 points to 14,644. Sensex and Nifty today touched new lifetime highs of 49,874 and 14,666. Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively. Yesterday, Sensex added 834 points to 49,398 and Nifty gained 239 points to 14,521. Meanwhile, December quarterly earnings announcements by Bajaj Finance, Bajaj Finserv, HDFC Asset Management Company, Federal Bank, Hindustan Zinc, Havells will also set the tone for the stock market today. Globally, markets hit new record highs today, reacting to comments from US Treasury Secretary
Sensex, Nifty rebound after two days of correction: Five factors behind the rally
Bajaj Finance, followed by SBI, ONGC, IndusInd Bank, Reliance Industries, HDFC and Axis Bank were among the top gainers. On the other hand, ITC and HDFC Bank were the laggards
Rupa Burman Roy | January 20, 2021 | Updated 16:22 IST
Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively
Reversing from yesterday s lows, market benchmarks jumped on Tuesday to trade near record highs, tracking cues from positive global equities. Sensex added 834 points to 49,398 and Nifty gained 239 points to 14,521. Sensex and Nifty today touched intraday highs of 49,499 and 14,546, respectively.