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Market run continues; Sensex ends at new high of 47,868, Nifty tops 14,000

Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M and SBI

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Markets Sensex Nifty | stock market

Press Trust of India  |  Mumbai 

BSE, market, markets, stock market
Intra-day, the Nifty touched a record high of 14,049.85 while Sensex scaled a new peak of 47,980.36

The Sensex soared to record highs while the Nifty closed above the 14,000-mark for the first time on Friday, as continued their record run in the new year amid robust buying in IT, auto and FMCG stocks.

Extending its record-setting streak for the fifth day, Sensex rose by 117.65 points or 0.25 per cent to close at a fresh lifetime high of 47,868.98. This is the 8th consecutive day of gains for the barometer and it has climbed by around 5 per cent since December 22.

The broader Nifty closed at an all-time high of 14,018.50, showing gains of 36.75 points or 0.26 per cent over its previous close. Intra-day, the Nifty touched a record high of 14,049.85 while Sensex scaled a new peak of 47,980.36.

Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M and SBI.

TCS rose by 2.02 per cent after the IT major said its board will meet on January 8 to approve financial results and a proposal for declaring the third interim dividend to shareholders.

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Among other IT stocks, Tech Mahindra rose 0.23 per cent, Infosys by 0.36 per cent and HCL Tech by 0.43 per cent. Dr Reddy’s, L&T, Sun Pharma, Axis Bank, IndusInd Bank, Nestle and Ultratech Cement also advanced.

Auto stocks advanced on better sales numbers for December. Maruti, which posted a 20 per cent rise in vehicle sales in December, rose by 0.53 per cent while Bajaj Auto closed up by 1.03 per cent.

Mahindra & Mahindra rose by 1.62 per cent even as it posted a 10.3 per cent decline in total sales at 35,187 units in December 2020.

The company also announced its decision to scrap a previously announced automotive joint venture with Ford citing fundamental changes in global economic conditions.

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First Published: Sat, January 02 2021. 01:32 IST
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