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With a hope that 2021 will be a year of economic recovery,today market crossed all-time highs 14k. Today sensex was up 117.65 points at 47868 and the nifty was up 36 points at 14018. Technology and pharma topped the gainers' list, rising 55 % & 60 % respectively. On first day of year banking sector was the worst hit, down nearly 3 % banknifty fell 30% & private bank declined 3 %. Stocks across sectors cheered with mid & small caps at the forefront rose with 0.9 to 1.2 %. Among midcaps, adani green energy, adani enterprises, l&t infotech, info edge (india) and tata consumer products were the biggest gainers, while bank of india, rbl bank, canara bank, union bank of india and future retail were the top losers. Tcs led the rally with the auto numbers providing the momentum as a number of companies announced price hikes today.the combined effect of foreign inflows and real earnings growth can keep the market rallying going forward.
With a hope that 2021 will be a year of economic recovery,today market crossed all-time highs 14k. Today sensex was up 117.65 points at 47868 and the nifty was up 36 points at 14018. Technology and pharma topped the gainers' list, rising 55 % & 60 % respectively. On first day of year banking sector was the worst hit, down nearly 3 % banknifty fell 30% & private bank declined 3 %. Stocks across sectors cheered with mid & small caps at the forefront rose with 0.9 to 1.2 %. Among midcaps, adani green energy, adani enterprises, l&t infotech, info edge (india) and tata consumer products were the biggest gainers, while bank of india, rbl bank, canara bank, union bank of india and future retail were the top losers. Tcs led the rally with the auto numbers providing the momentum as a number of companies announced price hikes today.the combined effect of foreign inflows and real earnings growth can keep the market rallying going forward.
TOP LOSERS- ICICI BANK, HINDALCO, HDFC BANK & TITAN COMPANY
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