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Sensex, Nifty Finish Marginally Decrease; PowerGrid Rallies 6 %


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Sensex, Nifty Finish Marginally Decrease; PowerGrid Rallies 6 %


PTI

2021-02-16T16:41:51+05:30
Sensex, Nifty Finish Marginally Decrease; PowerGrid Rallies 6 %






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outlookindia.com

2021-02-16T22:47:17+05:30

Fairness benchmarks Sensex and Nifty ended marginally decrease on Tuesday as traders booked income at larger ranges amid a blended development in international markets.

After touching a lifetime excessive of 52,516.76 in opening session, the 30-share BSE Sensex settled 49.96 factors or 0.10 per cent decrease at 52,104.17.

Equally, the broader NSE Nifty inched 1.25 factors or 0.01 per cent decrease to fifteen,313.45.

Axis Financial institution was the highest laggard within the Sensex pack, shedding round 2 per cent, adopted by ICICI Financial institution, Nestle India, Infosys, SBI and HUL.

Then again, PowerGrid rallied over 6 per cent. ONGC, NTPC, Kotak Financial institution and Reliance Industries have been additionally among the many gainers.

Home equities witnessed some quantity of pullback after a brisk opening, stated Binod Modi, Head – Technique at Reliance Securities.

“PSU Banks and Metals remained in focus. However, selling pressure in Financials, IT and FMCG dragged index. Volatility index also surged almost 2 per cent. Notably, midcap and smallcap stocks remained in focus as improved earnings visibility has started attracting investors in this space,” he added.

Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended on a constructive be aware. Inventory exchanges in Europe have been buying and selling on a blended be aware in mid-session offers.

In the meantime, the worldwide oil benchmark Brent crude was buying and selling 0.09 per cent decrease at USD 63.24 per barrel.


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