MARKET UPDATE:Sensex fell 200 points to 49,260 levels and the Nifty fell below 14,550 levels


Published On: Thursday, January 14, 2021 | By:

MARKET UPDATE:Sensex fell 200 points to 49,260 levels and the Nifty fell below 14,550 levels

The Indian equity markets declined nearly half a percent in today's(14th January 2021) early deals, dragged by tech stocks, ahead of the weekly F&O expiry later in the day. The S&P BSE Sensex fell 200 points to 49,260 levels and the Nifty50 index fell below 14,550 levels. Infosys tumbled 4 percent in opening deals as investors booked profit after the company largely beat Street estimates on all fronts for the December quarter results. Among other IT stocks, HCL Tech and Tech Mahindra also slipped 2 percent each. Besides, Hindustan Aeronautics surged as high as 12 percent in early deals after the government approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force at a cost of Rs 48,000 crore. The majority of the Nifty sectoral indices were trading higher, although the Nifty IT index dipped 2 percent.

Den Networks, HFCL, Reliance Industrial Infrastructure, Tata Steel Long Products, Websol Energy System and Digicontent will announce their quarterly earnings on January 14.

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