Closing Bell: Sensex, Nifty slip from record highs to end lower; banks, metal stocks drag

Updated : January 21, 2021 03:35 PM IST

The Sensex ended 167 points lower at 49,624 while the Nifty fell 54 points to settle at 14,590.

Sensex rose as much as 392 points to its all-time high of 50,184 while the Nifty rose 109 points to its fresh high of 14,753.

The Nifty Midcap index lost over 1 percent while the Nifty Smallcap index was down 0.6 percent for the day.

Indian indices ended in the red on Thursday after hitting record highs in intra-day deals mainly dragged by banking, metals and IT stocks. Heavyweights HDFC Bank, TCS, ITC, Kotak Bank and Bharti Airtel contributed most to the decline.

The Sensex ended 167 points lower at 49,624 while the Nifty fell 54 points to settle at 14,590.

In intra-day deals, the Sensex hit 50,000 levels for the first time ever. It rose as much as 392 points to its all-time high of 50,184 while the Nifty rose 109 points to its fresh high of 14,753.

Broader markets also pared morning gains to end negatively. The Nifty Midcap index lost over 1 percent while the Nifty Smallcap index was down 0.6 percent for the day.

On the Nifty50 index, Tata Motors, Bajaj Finance, RIL, UPL, and Bajaj Auto were the top gainers while ONGC, Tata Steel, Coal India, GAIL, and NTPC led the losses.

All sectors ended the day in the red. The Nifty Metal index fell the most, down 2 percent while the Nifty Pharma fell 1.4 percent. Nifty Bank also lost 1 percent and Nifty Fin Services shed 0.7 percent. The IT index also fell 0.6 percent for the day.v

Published : January 21, 2021 03:35 PM IST

Closing Bell: Sensex, Nifty slip from record highs to end lower; banks, metal stocks drag

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