Sensex lost 549 points, Nifty also dropped heavily; Shares of IT, finance companies rolled down

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Mumbai, January 15, 2021: NSE Nifty closed below the 14,450 level on Friday on profit-booking in shares of IT and financial sector amid weak global cues. In the last trading session of the week, the 30-share BSE Sensex lost 549.49 points, or 1.11 percent, to close at 49,034.67. On the other hand, NSE Nifty fell 161.90 points or 1.11 percent to close at the level of 14,433.70. Tech Mahindra, GAIL, HCL Tech, Wipro, and ONGC were the biggest losers on the Nifty. At the same time, shares of Tata Motors, Bharti Airtel, UPL, ITC, and Grasim Industries saw an increase.

All sectoral indices closed with a red mark on Friday. At the same time, BSE Midcap and Smallcap Indices saw a decline of one percent.

Tech Mahindra’s stock saw the highest decline of 4.35 percent on Sensex. Apart from this, shares of HCL Tech also fell by 3.73 percent. Apart from these, ONGC, Asian Paint, Ultratech Cement, Hindustan Unilever Limited, Doctor Reddy’s, Infosys, ICICI Bank, Larsen & Toubro, NTPC, Kotak Mahindra Bank, Maruti, Nestle India, Bajaj FinServ, Mahindra & Mahindra, Reliance Industries, SBI, Titan, PowerGrid, TCS, Sun Pharma, IndusInd Bank, Axis Bank, and HDFC Bank closed with a red mark.

On the other hand, Bharti Airtel shares closed up by 3.84 percent. Shares of ITC, Bajaj Auto and Bajaj Finance also closed with a green mark.

In the previous session, the Sensex had closed at the level of 49,584.16. The Sensex opened at 49,656.71 points in the last trading session of the week. However, there was a steady downward trend in the market thereafter. At one time, the Sensex had dropped to a level of 48,795.79 points, but its market recovered slightly. 

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