The S&P BSE Sensex index traded above the 47,000 mark for the first time ever.
Domestic stock markets retreated from record levels on Tuesday tracking weakness across Asian equities, as concerns about increasing COVID-19 deaths and lockdowns overshadowed optimism about the rollout of coronavirus vaccinations. The S&P BSE Sensex index fell 383.6 points, or 0.83 per cent, to 45,869.86 at the weakest level during the session, and the broader NSE Nifty 50 benchmark dropped to as low as 13,451.30, down 106.85 points, or 0.79 per cent, from its previous close. Weakness across sectors, led by banking, financial services and IT shares, dragged the markets lower. (Also Read: Stocks to Watch Today)
Sensex, Nifty Clock Record Closing Highs For Fifth Day In A Row Analysts say some profit-booking in financial stocks caused volatility but overall sentiment in markets remained optimistic on COViD-19 vaccines
Updated: December 18, 2020 3:33 pm IST
The S&P BSE Sensex index gave up half of initial gains after crossing 47,000 for the first time. Domestic stock markets registered record highs for a fifth straight day on Friday, with the S&P BSE Sensex index crossing the 47,000 mark for the first time ever. The Sensex gained 135.68 points, or 0.29 per cent, to touch 47,026.02 during the session, and the broader NSE Nifty 50 benchmark added 32.15 points to 13,772.85 both all-time highs. Analysts say some profit-booking in financial stocks caused volatility but the overall sentiment in the markets remained optimistic on COViD-19 vaccines amid record foreign fund inflows.