Sensex rises 118 points to settle at fresh closing high; Nifty ends above 14,000 for first time ever – Times of India

NEW DELHI: Equity indices start 2021 on a high note and continued to surge for the eighth straight session on Friday with BSE, NSE closing at fresh record peaks.
After touching an intra-day high of 47,980, the 30-share BSE index rose 117 points or 0.25 per cent to close at 47,869; while the broader NSE Nifty settled 37 points or 0.26 per cent higher at 14,108.
Top gainers in the sensex pack included ITC, TCS, M&M, SBI, Bharti Airtel and Sun Pharma with their shares rising as much as 2.37 per cent.
While ICICI Bank, HDFC Bank, Titan, Bajaj Finance and Bajaj Finserv were the top losers falling up to 1.31 per cent.
On the NSE platform, Nifty PSU Bank and Auto gained as much as 3.25 per cent.
The indices finished the year 2020 with overall gains of around 15 per cent. The sensex gained 15.7 per cent while the Nifty jumped 14.9 per cent in the year.
“In spite of the market being heated up, foreign institutional investment flows continue… risk-on sentiment is prevailing, and money will keep pouring into markets like India,” Aishvarya Dadheech, a fund manager at Ambit Asset Management told news agency Reuters.
“It is a very liquid market,” he added.
Investors are eyeing a meeting of the Indian drug regulator later in the day to consider approving AstraZeneca and Oxford University’s Covid-19 vaccine for emergency use.
Meanwhile, FPIs have been a major driver of the rally in Indian stock markets. According to exchange data, FPIs bought shares worth Rs 1,135.59 crore on a net basis on Thursday.
(With agency inputs)