City
Epaper

Sensex breaches 49,000 mark, IT and auto stocks top gainers

By ANI | Updated: January 11, 2021 16:35 IST

Equity benchmark indices ended at fresh record closing highs on Monday on the back of strong global cues and optimism over corporate earnings domestically.

Open in App

Equity benchmark indices ended at fresh record closing highs on Monday on the back of strong global cues and optimism over corporate earnings domestically.

At the closing bell, the BSE S&P Sensex was up by 487 points or 1 per cent at 49,269 while the Nifty 50 edged higher by 138 points or 0.98 per cent to 14,485.

Sectoral indices at the National Stock Exchange were mixed with Nifty IT gaining by 3.3 per cent, auto by 2.6 per cent, FMCG by 1.2 per cent and realty by 0.6 per cent. But Nifty PSU slipped by 1.5 per cent and metal by 1 per cent.

Among stocks, Tata Motors made a phenomenal jump of 12.6 per cent to Rs 223.20 per share. Bajaj Auto gained by 2.7 per cent and Maruti Suzuki by 2.6 per cent.

IT majors too had a good day with Infosys climbing up by 4.8 per cent at Rs 1,375.95 per share while HCL Technologies gained by 5.9 per cent to Rs 1,053.25, Wipro by 3.9 per cent to Rs 447.05 and Tech Mahindra by 2.4 per cent to Rs 1,076.80.

The other which advanced were home loan lender HDFC, energy giant GAIL and pharma major Cipla.

However, metal stocks fell with Tata Steel losing by 2.5 per cent, Hindalco by 1.6 per cent and JSW Steel by 1 per cent.

Ad Ports, Bajaj Finance, Bajaj Finserv, Reliance Industries, Kotak Mahindra Bank and IndusInd Bank too were in the negative terrain.

Meanwhile, Asian shares took a breather as 'trillions' in new US fiscal stimulus plans were set to be unveiled this week, stoking a global reflation trade.

South Korea went flat after an early jump while Japan's Nikkei was on holiday after closing at a 30-year high on Friday.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: BSE SENSEXTech MahindraMbtTech mahindra ltd.
Open in App

Related Stories

NationalShare Market Update: Sensex Trades Flat Amidst Negative Global Cues

TechnologyElon Musk launches xAI company to ‘understand true nature of universe’

TechnologyElon Musk launches xAI company to ‘understand true nature of universe’

TechnologyElon Musk launches xAI company to ‘understand true nature of universe’

NationalFire breaks out at car showroom in Delhi

Business Realted Stories

BusinessTrump threatens to 'substantially' raise tariffs on India for buying Russian oil 

BusinessTrump threatens to substantially raise tariff on India over Russian oil purchase

BusinessAdoption of EV in India slower than leading countries like US, EU, China: NITI Aayog report

BusinessAurobindo Pharma’s Q1 net profit falls 10 pc to Rs 824 crore

BusinessIndia's marine fish landings drop two per cent, Kerala’s by four in 2024: CMFRI