Thursday , January 21 2021

Sensex Today Live: The market has gained traction and Yes Bank has 7%



Sensex and Nifty could not withstand the initial gains.

Sensex and Nifty could not withstand the initial gains.

  • Sensex gained some momentum at the beginning of the day, with Sensex at 170 and Nifty at over 10,600. The gains were driven by banking, automotive and IT stocks, along with fresh foreign capital inflows and easing global oil prices. High Rs and mixed leads from other Asian markets also affected sentiment. Merchants have a positive outlook that foreign investors have supplied fresh funds to the market and global crude oil prices have fallen further. Domestic institutional investors (DII) sold stocks at a price of RMB 272.34, but foreign institutional investors (FII) bought RMB 277.38 net worth.The rupee gained strength in the foreign exchange market up to 72.15 against the dollar. Major revenue sources are Adani Ports, Tata Motors, Hero MotoCorp, Infosys, Kotak Mahindra Bank and Asis Bank. Yes the bank was the biggest loser (about 7% down).The US Dow Jones Industrial Average fell 0.81% on concern over continued trade, political and economic growth.

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