The index heavyweight stock opened the day on a positive note but failed to hold the ground and dipped 4.69 per cent to Rs 1,953.40 on the BSE. On the NSE, it declined 4.97 per cent to Rs 1,952.55.
StoveKraft IPO: The initial public offering (IPO) of StoveKraft has a price band of Rs 384-385 per share and will be open for subscription during January 25-28, 2021.
Stock market today: After swinging over 988 points during the session, the 30-share BSE benchmark ended the day with a loss of 530.95 points (1.09 per cent) at 48,347.59. Likewise, the NSE benchmark too declined 133.00 points (0.93 per cent) to settle at 14,238.90.
The Sensex has now nearly doubled from its 52-week low of 25,638.9 hit on March 24, 2020.
Bajaj Auto, Asian Paints, Mahindra and Mahindra, Maruti Suzuki and Reliance Industries were top gainers.
There is a broader sense that with the global liquidity continuing and an additional US stimulus on its way, the markets are likely to continue with their upward movement for now.
Reliance share price: The RIL stock climbed as much as 3.07 per cent to Rs 2118.00 apiece on the BSE, while the National Stock Exchange (NSE), the scrip rose 3.08 per cent to Rs 2,118.00 per share. Future Retail shares too were locked in the 5 per cent upper circuit on both the exchanges.
Share Market Today: Earlier in the day, the Sensex surged 391.89 points (0.79 per cent) to hit a record high of 50,184.01, however, a selloff in the late afternoon session led the BSE benchmark to give up the 50,000-mark and slip marginally.
Stock market today: The 30-share Sensex advanced by 393.83 or 0.80 per cent to close at its fresh record of 49,792.12. The broader NSE Nifty jumped 123.55 points or 0.85 per cent to settle at a lifetime high of 14,644.70.
Indigo Paints IPO subscription status: The initial public offering (IPO) of Indigo Paints has a price band of Rs 1,488-1,490 per share and will be open for subscription during January 20-22, 2021. The issue got oversubscribed within a few hours on the first day itself.
Analysts said the market ignored news of fresh Covid cases in China and worries over the global economic recovery.
Stock market today: The S&P BSE Sensex climbed 834.02 points (1.72 per cent) to settle at 49,398.29 while the broader Nifty 50 rose 239.85 points (1.68 per cent) to end at 14,521.15. During the day, the Sensex hit an intraday high of 49,499.86, while the Nifty touched 14,546.05.
The Mumbai-headquartered startup filed initial public offering documents with India’s market regulator on Friday.
HDFC bank share price: The stock jumped 2.49 per cent to its 52-week high of Rs 1,503 on BSE. On NSE, it rose 2.46 per cent to Rs 1,502.85 -- its one-year high.
IRFC IPO: The initial public offering (IPO) of Indian Railway Finance Corporation (IRFC) has a price band of Rs 25-26 per share and will be open for subscription during January 18-20, 2021.
Stock market today: The S&P BSE Sensex fell 470.40 points (0.96 per cent) to settle at 48,564.27, while the broader Nifty 50 declined 152.40 points (1.06 per cent) to end at 14,281.30.
The EPFO has settled 197.91 lakh claims related to final settlement, death, insurance, advance claims and disbursed Rs 73,288 crore till December 31, 2020.
The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.
New investors who have entered the stock market after March 2020 have seen mostly a bullish trend. However, economic indicators are still very sluggish and the markets will correct themselves at some point, which will trigger a trend reversal.
Indigo Paints IPO: The three-day initial public offering (IPO) will conclude on January 22. The anchor investors' portion will be open for subscription on January 19, Indigo Paints said in a virtual press conference.
Share market today: The S&P BSE Sensex declined 549.49 points (1.11 per cent) to settle at 49,034.67, while the broader Nifty 50 slipped 161.90 points (1.11 per cent) to end at 14,433.70.
HAL share price: The HAL stock climbed 13.72 per cent to Rs 1,048.00 apiece on the National Stock Exchange (NSE) earlier in the intraday trade today, while on BSE, it soared 13.69 per cent to Rs 1,047.00 per share.
SAIL OFS: The government is selling 20.65 crore shares or 5 per cent of the total equity of Steel Authority of India Limited (SAIL) through the OFS.
Infosys share price: The stock plunged 5 per cent to Rs 1,318.05 on BSE. On NSE, it declined 4.95 per cent to Rs 1,318.45.
Wipro share: The stock after opening on a weak note, further tumbled 6 per cent to Rs 431 as the trade progressed on the BSE. At the NSE, it plunged 6.31 per cent to Rs 430.