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Nifty regains 14,500 mark; breadth remains weak

Benchmark indices were trading with modest losses in afternoon trade. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 257.52 points or 0.52% at 49,326.64. The Nifty 50 index lost 80.45 points or 0.55% at 14,515.15.
Broader markets traded with minor losses. The S&P BSE Mid-Cap index fell 0.62%. The S&P BSE Small-Cap index skid 0.40%.
Sellers outpaced buyers. On the BSE, 1,096 shares rose and 1,749 shares fell. A total of 141 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,076.62 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 188.10 crore in the Indian equity market on 14 January 2021, provisional data showed. ....

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L&T Infotech, Ircon International, Bharat Dynamics in focus

IT major HCL Technologies will announce its quarterly earnings today, 15 January 2021.
Larsen & Toubro Infotech (LTI) plans to expand its multi-year, global alliance with IBM to help businesses transform their operations through open hybrid cloud adoption. With the proposed center, LTI will help their clients migrate and modernize core business applications leveraging IBM s open hybrid cloud platform built on Red Hat OpenShift.
Ircon International achieved milestone by opening the 30 KM section between Korichhapar to Dharamjaigarh within the targeted date i.e., 31.12.2020. A Trial run was carried on 31 December 2020. The cost of this line is approximately 325 crores and the work is executed by Ircon International under an SPV named Chhattisgarh East Railway. ....

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