MARKET UPDATE:SSensex gained 400 points at 49,190 levels and Nifty topped 14,420 level


Published On: Monday, January 11, 2021 | By:

MARKET UPDATE:SSensex gained 400 points  at 49,190 levels and Nifty topped 14,420 level

The Indian markets scaled fresh record highs on Monday, with the S&P BSE Sensex scaling Mount 49,000 for the first time ever, on the back of favorable global cues and strong Q3 earnings. The S&P BSE Sensex gained 400 points, or 0.8 percent, at 49,190 levels and the Nifty50 index topped the 14,420 level. Technology stocks were the lead Sensex gainers, with Infosys, HCL Tech, and TCS rising 3%, 2%, and 1%, respectively. Tata Consultancy Services' profit jumped 7 percent YoY in the December quarter to Rs 8,701 crore, according to the results announced post market hours on Friday. Besides, shares of Avenue Supermarts gained 2 percent after the firm posted a 16 percent jump in Q3 profit. All the Nifty sectoral indices, except the Nifty Metal index, were trading higher, led by the Nifty IT index, up 2 percent.

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