Sensex drops over 150 points in early trade; Nifty tests 14,500
January 14, 2021 11:02 ISTEquity benchmark Sensex dropped over 150 points in early trade on Thursday led by heavy selling in index-heavyweights Infosys, HCL Tech and Asian Paints.
Equity benchmark Sensex dropped over 150 points in early trade on Thursday led by heavy selling in index-heavyweights Infosys, HCL Tech and Asian Paints.
Key stock indices Sensex and Nifty opened the New Year on a positive note with investors betting on IT, auto and select banking and financial stocks.
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Equity benchmark indices moved up 0.7 per cent during early hours on December 29 as foreign fund flows seemed unstoppable and the global cues equally supportive.
Equity benchmark indices hit fresh highs during early hours on Monday amid positive global cues after US President Donald Trump signed into law a 2.3 trillion dollar pandemic aid and spending package.
With no major domestic event lined up this week, equity markets would look at global trends, updates over the new virus strain and progress on vaccination to derive cues for further movement, analysts said. Equity markets may also witness volatility amid the monthly derivative expiry.
Equity benchmark indices dropped by 0.7 per cent during early hours on Tuesday as traders booked profits amid weak signals from Asian markets.
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Equity benchmark Sensex rallied 447 points to close above the 45,000-level for the first time on Friday, tracking strong buying sentiment in financial stocks after RBI's policy outcome.
Equity benchmark Sensex rallied 432 points on Thursday, tracking gains in banking and financial stocks as the November series derivatives expired amid largely positive cues from global markets.
Equity benchmark Sensex surged 282 points on Friday, tracking gains in HDFC Bank, Kotak Bank and Bajaj Finance amid positive cues from global markets and sustained foreign fund inflows.
Equity benchmarks Sensex and Nifty opened on a cautious note on Tuesday as market participants preferred to book profits at higher levels after an eight-session market rally.
Equity benchmark index Sensex rallied 327 points on Friday, extending gains for the seventh straight session on the back of financial stocks after the RBI left benchmark rate unchanged but decided to maintain an accommodative stance.
Equity benchmark Sensex on Thursday rose to 340 points to reclaim 40,000-mark amid positive cues from global markets and sustained foreign fund inflow.
Stocks are pulling lower Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.
Equity benchmark indices moved up during early hours on Friday as Asian markets rose on hopes of a US stimulus package.
Domestic equity benchmark Sensex plunged 433 points on Friday, tracking heavy losses in banking, consumption and auto stocks amid a selloff in global markets.
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Equity benchmarks Sensex and Nifty ended marginally lower on Thursday after a volatile session amid expiry of monthly derivative contracts.
US stocks opened mostly lower on Monday as investors grew nervous of a resurgence of coronavirus infections across the country amid lockdown easing.
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