Sensex ends 92 points higher, Nifty at 14,596 as markets hit record closing highs

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Sensex ends 92 points higher, Nifty at 14,596 as markets hit record closing highs


NEW DELHI: Buying in TCS and Reliance Industries, along with some of the PSU majors, lifted benchmark indices to fresh closing highs on Thursday as India started deploying vaccines and talks of massive stimulus grew.

The market has been supported by foreign inflows who have been buying Indian equities relentlessly in the last couple of months. A decline in wholesale inflation also helped the sentiments on Dalal Street.

The 30-share pack Sensex climbed 91.84 points or 0.19 per cent to 49,584.16. The index rose about 400 points from the day’s lows. Its broader peer NSE Nifty added 30.765 points or 0.21 per cent to 14,595.60.

“The wholesale price inflation for the month of December declined to 1.22 per cent due to a decrease in WPI food index from 4.27 per cent in November to 0.92 per cent. Positive economic data along with improving quarterly outlook is helping the Indian market to attract more foreign funds which will keep the market liquidity high even in these high valuations,” said Vinod Nair, Head of Research at Geojit Financial Services.

Market at a glance:

HAL surged 10% after getting Rs 48,000 crore Tejas order

SAIL plunges 10% as two-day OFS kicks off

HCL Tech drops 3% ahead of Q3 earnings

Q3 impact: Infosys, Wipro drop after quarterly earnings

L&T gains 2% after its arm gets ‘significant’ order

Smallcaps outperform peers, midcaps close flat





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