MARKET UPDATE:Sensex trading 250 points higher at 48,420 levels and Nifty holding above 14,220-mark
Published On: Thursday, January 7, 2021 | By: Team KnowMyStock
The equity markets in India returned to their winning ways after a day's hiatus, with the headline indices trading half a percent higher and the MidCap index hitting their fresh lifetime highs, on the back of broad-based buying, in today's(7th January 2021) early deals. The S&P BSE Sensex was trading 250 points, or half a percent, up at 48,420 levels. The broader Nifty50 index was also holding above the 14,220-mark, after hitting a fresh all-time high of 14,256 in early deals. IndusInd Bank and Axis Bank (both up 2%) were the lead Sensex gainers, followed by State Bank of India, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra (all up 1% each). All the Nifty sectoral indices were trading in the green. Realty stocks were ruling higher after the Maharashtra government approved the proposal to cut the premium on real estate projects by half till December 31, 2021. As a result, the Nifty Realty index surged 3 percent and was the top Nifty sectoral gainer.
Meanwhile, the Nifty Bank index crossed 32,000 for the first time since January 15, 2020.
In the broader markets, the S&P BSE MidCap also hit a record high of 18,955 and was trading 1 percent higher. The SmallCap index also gained 1.17 percent.
Tags: Indian equity market Sensex Nifty
We are on Telegram!
JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.
Click Here!
Follow Us On:
