MARKET UPDATE:Indian benchmark indices erased their early losses;Sensex trading 33 points up at 46,990 and Nifty testing the 13,750-mark
Published On: Monday, December 21, 2020 | By: Team KnowMyStock
The domestic benchmark indices in India erased their early losses and turned flat after falling nearly 0.5 percent in today's(21st December 2020) opening deals amid weak cues from their Asian peers. The S&P BSE Sensex was trading 33 points up at 46,990 after hitting an intra-day low of 46,694. The broader Nifty50 index was also testing the 13,750-mark. ONGC, Axis Bank, ICICI Bank, and Mahindra & Mahindra (all down 2%) were the top Sensex laggards. On the other hand, Reliance Industries rose 1 percent after the conglomerate and its partner BP announced the first gas from the R Cluster, an ultra-deep-water gas field in block KG D6 off the east coast of India. Meanwhile, aviation stocks were under pressure in intra-day deals over the UK border closure, with SpiceJet and InterGlobe Aviation falling 5 percent and 3 percent, respectively.
The majority of the Nifty sectoral indices were trading in the red, led by the Nifty Bank index, down 0.8 percent.
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