Premium
This is an archive article published on January 29, 2021

Sensex and Nifty trade with minor gains ahead of Economic Survey

Stock market today: At 11:30 am, the S&P BSE Sensex was up 75.26 points (0.16 per cent) at 46,949.62 while the broader Nifty 50 was up 28.95 points (0.21 per cent) at 13,846.50. Both the indices had opened on a positive note with Sensex touching 47,423.66 and Nifty rising to 13,966.85.

google-preferred-btn
An electronic ticker board displays stock figures outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Tuesday, Dec. 11, 2018. (Bloomberg/File photo)An electronic ticker board displays stock figures outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Tuesday, Dec. 11, 2018. (Bloomberg/File photo)

The topline equity indices on BSE and National Stock Exchange (NSE) erased their early gains were trading in a narrow range with some positive bias ahead of the presentation of the Economic Survey 2020-21 in the Parliament.

At 11:30 am, the S&P BSE Sensex was up 75.26 points (0.16 per cent) at 46,949.62 while the broader Nifty 50 was up 28.95 points (0.21 per cent) at 13,846.50. Both the indices had opened on a positive note with Sensex touching 47,423.66 and Nifty rising to 13,966.85.

On the Sensex chart, IndusInd Bank, Mahindra & Mahindra (M&M), Bajaj Finance, ICICI Bank, Bajaj Finserv and HDFC Bank were the top gainers in late morning deals.

Top News Right Now
Click here for more

On the other hand, Maruti Suzuki India, Axis Bank, Tata Consultancy Services and Hindustan Unilever (HUL) were the top losers.

In the previous five sessions, the Sensex had lost 2,917.76 points, while the Nifty had shed 827.15 points.

Analysts are of the view that a continued pullback in domestic markets was mainly led by profit booking ahead of the Union Budget and important global events.

The government will table the Economic Survey 2020-21 in Parliament later today and present the Union Budget 2021-22 on Monday, February 1, 2021.

Story continues below this ad

Elsewhere in Asia on Friday, stocks markets were trading higher but heading towards settling with worst weekly losses in months.

Meanwhile, the global oil benchmark, Brent crude futures, rose 0.18 per cent to USD 55.20 per barrel.

— with PTI inputs

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
Advertisement
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Ram Mohan Naidu
IndiGo crisis puts spotlight on Modi govt’s youngest minister: Who is Ram Mohan Naidu?
IndiGo, schedule curtailment, flight disruptions, Directorate General of Civil Aviation,
Govt orders IndiGo to cut down flights by 10%, summons CEO
Band Baaja Baaraat turned 15 today.
‘Nobody was convinced about the casting of Ranveer Singh’: Maneesh Sharma on 15 years of Band Baaja Baaraat
Shah Rukh Khan will next be seen in King
'People wanted to see Shah Rukh Khan fall': Anubhav Sinha says it was fashionable to hate Ra.One, 'being an SRK fan worked against me'
Keily Blair replied that the team was “a pretty efficient bunch,” attributing that efficiency to the company’s lack of a managerial layer
OnlyFans CEO reveals the company operates with just 42 staff members, serves 400 million users
Theatre staff approached him, and after a brief argument, escorted him out of the auditorium, the report stated
Man lights cigarette inside Gurgaon theatre during ‘Dhurandhar’ screening, gets thrown out
Hardik Pandya India vs South Africa
Comeback man Hardik Pandya's heroics propel India to 101-run thrashing of South Africa in first T20I in Cuttack
Hardik Pandya India
IND vs SA: Hardik Pandya shows why he is India's most valuable T20 player
MAGA agenda is now America’s global strategy
C Raja Mohan writes: MAGA agenda is now America’s global strategy
India-US trade deal: A high goods trade deficit between India and the US was one of the most prominent concerns raised by US President Donald Trump even before he assumed office.
India-US trade deal: As US trade team lands, how needle has moved in trade ties
Ranbir Kapoor and Katrina Kaif in film Raajneeti
‘She was saying I have made a mistake’: Journalist recalls Katrina Kaif’s heartbreak after Ranbir Kapoor split; psychologist explains why we make big sacrifices in love
Satya Nadella during a discussion on the future of AGI, dismissed the idea of a single model ruling the world. (Express Image/Reuters)
Microsoft pledges $17.5 billion to expand AI and cloud capacity in India, largest Asia investment
Advertisement
Must Read
Comeback man Hardik Pandya's heroics propel India to 101-run thrashing of South Africa in first T20I in Cuttack
Hardik Pandya India vs South Africa
IND vs SA: Hardik Pandya shows why he is India's most valuable T20 player
Hardik Pandya India
Express Investigation | Dodgy records, fake IDs: Under BCCI watch, Puducherry sells short-cut to cricket big league
The Indian cricket system’s strength lies in the belief of fairness -- that skill, sweat and selection together create a level playing field. That is turned upside down in Puducherry. (Express Photo by Lalith Kalidas)
Microsoft pledges $17.5 billion to expand AI and cloud capacity in India, largest Asia investment
Satya Nadella during a discussion on the future of AGI, dismissed the idea of a single model ruling the world. (Express Image/Reuters)
Amazon Fire TV Stick 4K Select review: A streaming device with excellent search tricks - but is that enough?
(Image: The Indian Express/ Anuj Bhatia)
ChatGPT Enterprise use up by 8% YoY, employees saving 40-60 mins daily: OpenAI study
chatgpt
‘She was saying I have made a mistake’: Journalist recalls Katrina Kaif’s heartbreak after Ranbir Kapoor split; psychologist explains why we make big sacrifices in love
Ranbir Kapoor and Katrina Kaif in film Raajneeti
Advertisement
Buzzing Now
OnlyFans CEO reveals the company operates with just 42 staff members, serves 400 million users
Keily Blair replied that the team was “a pretty efficient bunch,” attributing that efficiency to the company’s lack of a managerial layer
Man lights cigarette inside Gurgaon theatre during ‘Dhurandhar’ screening, gets thrown out
Theatre staff approached him, and after a brief argument, escorted him out of the auditorium, the report stated
‘Take your (non) apology and burn it’: Bengaluru woman flays IndiGo after her siblings miss father’s funeral
The DGCA asked IndiGo to submit a revised schedule by 5 pm on Wednesday
'No calls, no guilt': Indian techie lauds Singapore worklife as he takes a dig at India's work culture
He shares that he maintains a boundary after 6 PM in Singapore, where his phone is his own, not his boss's, with "no calls, no guilt, just life"
Massive earthquake strikes Japan, CCTV footage captures dramatic moments; watch
A tsunami reaching up to 70 centimeters (2 feet 4 inches) was recorded at Kuji Port in Iwate Prefecture, just south of Aomori (Representational image)
Dec 10: Latest News
Advertisement