Markets cut profits; Nifty Settles At 14565

Jan 13 2021 05:07 PM
Markets cut profits; Nifty Settles At 14565

After hitting record highs, the Indin share market seen profit-booking and closed flat on January 13. The Sensex was down 24.79 points or 0.05% at 49,492.32, and the Nifty was up 1.40 points or 0.01% at 14,564.90.

Mahindra and Mahindra, SBI, Adani Ports, IOC and NTPC were among major gainers on the Nifty, while losers were Bajaj Finance, HDFC, Shree Cements, Bajaj Finserv and UPL.

SEctorally, Nifty Pharma has been the worst performer in trade today, while the sector that gained includes Nifty Auto pack. Nifty PSU Bank index added over 3 percent. Broader markets underperformed the main indices, with BSE Midcap and Smallcap ending lower by 0.6 percent and 0.4 percent, respectively. Nifty IT was marginally higher ahead of IT majors' result announcement which are expected to come in strong.

Meanwhile, European indices traded with gains of up to 0.37% on French CAC and US stock futures point to a strong opening there.

capital expenditure: Coal India revises up FY21 capex by 30 pc to Rs 13,000 cr

Govt to allocate extra funds, incentive for agri sector in Budget 2021-22: Experts

RBI slaps Rs2-Cr Penalty On Deutsche Bank