Read more about Barometers near day s high; Nifty hits record high on Business Standard. The benchmark indices were trading near the day s high in early afternoon trade. Sentiment was positive as fresh COVID-19 cases in India continued to decline and vaccination pace picked up. Barring the Nifty Auto index, all sectoral indices on the
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The Chinese economy is on track to grow by 8.5 percent in 2021, up 0.6 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects released on Tuesday.
Equity indices ended a volatile session with steep losses on Wednesday, led by weakness in banks and auto shares. The Nifty hit a record high of 15,800.45 in early afternoon trade. However, a sharp round of profit selling in afternoon trade dragged the benchmarks lower. All the sectoral indices on the NSE ended in the red. Negative global stocks triggered profit selling in domestic shares.
The barometer index, the S&P BSE Sensex, slipped 333.93 points or 0.64% at 51,941.64. The Nifty 50 index lost 104.75 points or 0.67% at 15,635.35.
Reliance Industries (down 1.8%), Larsen & Toubro (down 1.8%), ICICI Bank (down 1%), Bajaj Finserv (down 1.46%) and Bajaj Finance (down 1.43%) were major drags.