Sensex Ends At Record Highs, Up Nearly 400 Points; Nifty Crosses 14,600


2021-01-20 10:05:51

Sensex Ends At Record Highs, Up Nearly 400 Points; Nifty Crosses 14,600

Tata Motors was top Nifty gainer, the stock rose over 6 per cent to Rs 274 on the NSE

The S&P BSE Sensex and NSE Nifty 50 indexes ended at record highs for the second consecutive day, extending the gains witnessed in the previous trading session, on the back of strong buying interest in auto and information technology shares. Better than expected corporate earnings in December quarter and hopes of bold economic reforms in the upcoming Budget are bolstering the investor sentiment, analysts said.

The Sensex rose to 49,874.42 at the highest point of the day before ending the session at 49,792.12, up 393.83 points or 0.80 per cent and the Nifty 50 index closed above the 14,600 mark at 14,644.70, up 123.55 points or 0.85 per cent. Mid- and small-cap stocks also ended strong; the S&P BSE MidCap index rose 0.74 per cent and S&P BSE SmallCap index advanced 0.55 per cent.

Strong corporate earnings by tech heavyweights such as TCS, Infosys, Wipro, HCL Technologies and HDFC Bank are fuelling the bullishness on Dalal Street, analysts added.

Tata Motors was top Nifty gainer, the stock rose over 6 per cent to Rs 274 on the back of heavy volumes. Wipro, Adani Ports, Mahindra & Mahindra, Tech Mahindra, Maruti Suzuki, Asian Paints, Infosys, UPL and HCL Technologies also rose between 1-3 per cent.

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On the flip side, Shree Cements, NTPC, GAIL, Grasim, Power Grid, ITC, HDFC, HDFC Bank and Hindalco were among the losers.

The overall market breadth was marginally positive as 1,541 shares were advancing while 1,331 were declining on the BSE.



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