Sensex breaks over 500 points in early trade, Nifty also comes down below 14,000
Mumbai, January 28, 2021: On the fourth trading day of the week, the domestic stock market started with a downward trend. At 09:26 am, the Bombay Stock Exchange’s flagship index Sensex was down by 565.42 points, and the National Stock Exchange Nifty was down by 167.20 points.
The Sensex fell 937.66 points and closed at 47,409.93 points on the previous trading day. Simultaneously, the Nifty dropped 271.40 to close at the level of 13,967.50. Tata Motors, Axis Bank, Tata Steel, GAIL, and Tyne observed the most deceleration on the Nifty.
Among today’s significant stocks, all the companies except ONGC, NTPC, and Asian Paints opened on the red mark. Maruti Reliance, TCS, M&M, L&T, ITC, ICICI Bank, Hindustan Unilever, Titan, Ultratech Cement, Nestle India, HCL Tech, Tech Mahindra, Divis Lab, IndusInd Bank, and Sun Pharma are the top decelerated stocks.
The Sensex opened with a loss of 280.96 points on the previous trading day at 48,066.63. The Nifty was down 81 points at the 14,157.90 level. The Sensex was down 352.43 points at 47,057.50 during the Pre Open at 9.02 am. The Nifty fell 226.10 points at 13,741.40.
On Wednesday, the rupee gained two paise to close at 72.92 per dollar in the interbank foreign exchange market. The rupee opened at 72.91. After trading at a high of 72.78 and a low of 72.94, the rupee finally strengthened by two paise to close at 72.92 per dollar. Yesterday, Brent crude’s price was raised by 0.61 percent at $ 56.25 a barrel.
