Domestic Stocks attained record closing high levels; Sensex gains 487 points & Nifty closes near 14500 mark
Benchmark domestic stocks on Monday, January 11, 2021, gained around one per cent to hit fresh lifetime highs amid mixed global cues
Benchmark domestic stocks on Monday, January 11, 2021, gained around one per cent to hit fresh lifetime highs amid mixed global cues. The Sensex achieved 49,000 level for the first time while the Nifty closed near 14,500 mark. Technology stocks were the lead Nifty 50 gainers, with Infosys, Wipro & HCL Tech.
The BSE Sensex climbed 486.81 points, or one per cent, to 49,269.32 and the NSE Nifty 50 rose 137.50 points, or 0.96 per cent, to trade at 14,484.75. However, Nifty Bank lost 85.30 points, or 0.27 per cent, to settle down at 31,998.90.
In the broader market at BSE, Mid-cap and Small-cap indices underperformed the Sensex. The BSE Mid-Cap index slipped marginally by 0.08 per cent while the BSE Small-Cap index fell 0.17 per cent.
Sellers outnumbered buyers. On the BSE, 1470 shares rose and 1682 shares fell. On the Nifty 50 index, 331 shares advanced while 19 declined. The top five gainers on Nifty 50 block were Tata Motors (up 12.64 per cent), HCL Tech (up 5.89 per cent), Infosys (up 4.87 per cent), Wipro (up 3.92 per cent) and HDFC (3.37 per cent). The top five losers were Tata Steel (down 2.55 per cent), Adani Ports (down 1.94 per cent), Bajaj Finance (down 1.94 per cent), Bajaj Finserv (down 1.83 per cent) and Reliance (down 1.79 per cent).
Total COVID-19 confirmed cases worldwide were at 9,02,79,510 with 19,34,786 deaths. India reported 2,22,526 active cases of COVID-19 infection and 1,51,160 deaths while 1,00,92,909 patients have been discharged, data showed.
Over the weekend, the UK's Queen Elizabeth and her husband Philip, both in their nineties, received vaccinations against COVID-19, the Buckingham Palace said.
V-shaped recovery in Indian Economy
Assocham on Sunday said India's economy is showing decisive signs of a 'V-shaped' recovery in 2021 with the return of consumer confidence, robust financial markets, an uptick in manufacturing and exporters braving it out in the global market with a never-say-die spirit. The industry chamber further added that it expects immense accruals of economic benefits from the COVID-19 vaccination programme about to be rolled out.
China's producer price index
China's producer price index fell 0.4 per cent in December compared to a year earlier, data showed. China's consumer price index rose by 0.2 per cent year-on-year in December.
The US Economic Data
In economic data, the US economy shed jobs for the first time in eight months in December. Nonfarm payrolls declined by 140,000 jobs last month, the Labour Department said on Friday. Data for November was revised up to show 336,000 jobs added instead of 245,000 as previously reported.