MARKET UPDATE:Sensex down 200 points to 49,360 levels and the Nifty gave up the 14,550-mark


Published On: Friday, January 15, 2021 | By:

MARKET UPDATE:Sensex down 200 points to 49,360 levels and the Nifty gave up the 14,550-mark

The equity markets in India edged lower in today's(15th January 2021) early deals, tracking similar cues from their Asian peers. The S&P BSE Sensex hovered around 49,360 levels, down 200 points, and the Nifty50 index gave up the 14,550-mark. UltraTech Cement dipped 2 percent and was the top Sensex laggard, followed by Tech Mahindra, Infosys, and Asian Paints (all down 1%). On the other hand, Bharti Airtel surged 5 percent after the MSCI said it would decide on increasing the weight of Bharti Airtel during its upcoming index review in February. HCL Technologies also rose 1 percent in early deals after posting a 34.8 percent year-on-year (YoY) jump in its consolidated net profit to Rs 3,969 crore for the December 2020 quarter (FY2021). The Nifty sectoral indices were trading largely in the red, with the Nifty IT index, down 0.8 percent, leading the list of losers. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.1 percent up, each.

L&T Finance, PVR among 15 other firms set to announce their December quarter results today.

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