Sensex, Halts 10-Day Winning Run, Sheds Over 250 Points


2021-01-06 10:31:12

Sensex, Halts 10-Day Winning Run, Sheds Over 250 Points

Reliance Industries, ITC and IT stocks lead the fall in the markets.

The benchmark indices ended in the negative on Wednesday, bringing the 10-day rally to a halt, due the onset of weakness in heavyweights such as Reliance Industries and ITC in the late afternoon. The 30-scrip index had jumped 178.87 points, or 0.37 per cent, to touch 48,616.66 in the first few minutes of trade, and the broader NSE Nifty 50 benchmark added 44.65 points (0.31 per cent) to 14,244.15 – both all-time highs.

The Sensex thereafter slumped 750 points to hit an intra-day low of 47,864 before closing at 48,174.06, down 263.72 points or 0.54 per cent and the NSE Nifty ended at 14146.25, down 53.25 points or 0.38 per cent. Reliance Industries, ITC and IT stocks lead the fall in the markets.

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