Share Market Highlights: Sensex ends at record high, Nifty at 14,644; Tata Motors, M&M, Wipro top gainers January 20,2021 16:29 IST
Sensex, Nifty Highlights on January 20: Equity benchmark closed at new record highs on Wednesday, tracking positive trend from global equities, on hopes of fresh US stimulus measures. Rising for the second straight session, Sensex ended 393 points higher at 49,792 and Nifty gained by 123 points to 14,644. Sensex and Nifty today touched new lifetime highs of 49,874 and 14,666. Earlier on January 13, Sensex and Nifty hit fresh lifetime highs of 49,795 and 14,653, respectively. Yesterday, Sensex added 834 points to 49,398 and Nifty gained 239 points to 14,521. Meanwhile, December quarterly earnings announcements by Bajaj Finance, Bajaj Finserv, HDFC Asset Management Company, Federal Bank, Hindustan Zinc, Havells will also set the tone for the stock market today. Globally, markets hit new record highs today, reacting to comments from US Treasury Secretary
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Nagaraj Shetti of HDFC Securities expects more upside towards 14,655 and higher in the next couple of sessions. Sunil Shankar Matkar January 20, 2021 / 06:50 AM IST
The market recouped more than half of previous two-day losses and closed 1.7 percent higher on January 19, driven by buying across sectors and positive global cues.
The BSE Sensex rallied 834.02 points to 49,398.29, while the Nifty50 climbed 239.90 points to 14,521.20 and formed a bullish candle on the daily charts after bearish candle seen in the previous two consecutive sessions. This pattern could indicate a sharp comeback of bulls from the lower levels. Most of the losses of the last two sessions have been erased in one session on Tuesday. This signals intact of short-term uptrend and one may expect Nifty to challenge the recent all-time high of 14,653 soon, Nagaraj Shetti, Technical Research An