Sensex, Nifty LIVE Updates: Sensex hit 50,000-mark at pre-open on global cues on Thursday. At 09:02 IST, the Sensex was up 211.40 points or 0.42% at 50,003.52, and the Nifty was up 146 points or 1.00% at 14,790.70. The markets are said to be reacting to the strong cues coming from global markets with Joe Biden being sworn in as the President of the United States.
On Wednesday, equity benchmarks galloped to lifetime highs in lockstep with global markets which surged ahead of Biden’s inauguration. Rallying for the second straight day, the 30-share BSE Sensex advanced by 393.83 or 0.80 per cent to close at its fresh record of 49,792.12. The broader NSE Nifty jumped 123.55 points or 0.85 per cent to settle at a lifetime high of 14,644.70.
Among Sensex stocks, Maruti rose the most by 2.75 per cent, followed by Tech Mahindra (2.67 per cent), Mahindra & Mahindra (1.98 per cent) and Asian Paints (1.98 per cent). Heavyweights Reliance Industries, Infosys, HDFC and TCS accounted for the lion’s share of the gains.
Among losers, Power Grid dropped 1.75 per cent, NTPC 1.35 per cent, HDFC Bank 0.83 per cent and ITC 0.59 per cent. “An optimistic western market aided the Indian market to touch lifetime highs with new buying in segments like auto, IT and PSU Bank.
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