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The IT and automobile stocks led the index of Sensex to end above the level of 49,000 while Nifty ended around 14,500.

Posted on 11-Jan-2021


The IT and automobile stocks led the index of Sensex to end above the level of 49,000 while Nifty ended around 14,500.

There were strong earnings observed in the IT behemoth TCS . This and the supportive and positive global cues led the market week to start on a robust and bullish note . There was a good amount of gain observed in the banking stocks but still the benchmark index gained only one percent and  ended at the levels around 14,500 .It was observed in the broader markets that both the Midcap and Smallcap indices had ended flat as they under-performed . We noticed that in the sectoral front , the top out performers were Information Technology and Automobile . Where as the under performers of the index were  capital goods , metal and Oil & gas which had ended in losses on this day . The supportive global cues had helped and aided the market to start with its upbeat  strategy . There would be specifications in the volatility of the stocks as the earning season is coming up .


The market ended at fresh new highs as Nifty closed at just a bit below the level of 14,500 .Nifty had a gain of 137 points while  Sensex had a gain of 486 points. Sensex ended at the level of 49,269 while Nifty ended at the level of 14,484. There was no change observed in 137 shares , declination of 1672 shares and advancement of 1423 shares .The major losers in Nifty were Reliance industries , Bajaj Finserv , Bajaj Finance , Tata Steel and L&T . While the major gainers in the index of Nifty  were HCL Tech , Tata Motors , Infosys , Wipro and HDFC .

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