INSUBCONTINENT EXCLUSIVE:
The S-P BSE Sensex index gave up half of initial gains after crossing 47,000 for the first time
Domestic stock markets registered record highs for a fifth straight day on Friday,
with the S-P BSE Sensex index crossing the 47,000 mark for the first time ever
The Sensex gained 135.68 points, or 0.29 per cent, to touch 47,026.02 during the session, and the broader NSE Nifty 50 benchmark added 32.15
points to 13,772.85 -- both all-time highs
Analysts say some profit-booking in financial stocks caused volatility but the overall sentiment in the markets remained optimistic on
COViD-19 vaccines amid record foreign fund inflows
The Sensex ended 70.35 points, or 0.15 per cent, higher at 46,960.69 and the Nifty settled at 13,760.55, up 19.85 points, or 0.14
Auto, Infosys, Wipro and Cipla, closing between 1.53 per cent and 3.35 per cent higher, were the top gainers in the Nifty basket of 50
shares.On the other hand, IndusInd Bank, HDFC Bank, ONGC, Maruti Suzuki and Indian Oil, down 1.36-3.10 per cent each, were the worst hit
improved guidance gave a boost to the IT sector
Abundant Liquidity in the markets is also helping the markets remain optimistic," Anita Gandhi, director at Arihant Capital Markets, told
Press Trust of India reported citing a Central Board of Direct Taxes source
The increase can be attributed primarily to the low base last fiscal year, when a corporate tax rate cut to a record low had led to lower
tax payouts by companies.Accenture raised its full-year sales forecast and beat quarterly revenue estimates on Thursday
global markets have been swinging between broader optimism about COVID-19 vaccines and a global economic recovery and concerns about still
Many investors saw the passing of new measures to support the economy as imminent after data showed the number of Americans filing
first-time claims for jobless benefits unexpectedly rose last week.(With inputs from agencies)
