Nifty, BSE Sensex Have Ended Higher for 10 Consecutive Sessions

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Nifty, BSE Sensex Have Ended Higher for 10 Consecutive Sessions
Credit: © Reuters.

By Aditya Raghunath -- After opening negative in early trade, Indian indices Nifty and the BSE Sensex were in the green by 11 AM, as they closed up for the 10th consecutive trading session on Tuesday, January 5. Markets shrugged off the lockdown in the UK, rising COVID-19 cases in the US, and the election tension as Nifty closed up 0.47% at 14,199 while Sensex gained 0.54% to close at 48,437.

Nifty IT and Bank Nifty led the charge today closing up 2.62% and 1.63% respectively. Info Edge India Ltd (NS: INED ) gained 14.47% followed by L&T (NS: LART ), Infotech at 7.92%. Bank Nifty saw Axis Bank (NS: AXBK ) close 6.32% higher followed by RBL Bank Ltd (NS: RATB ) with a gain of 4.55%.

Europe has opened positive with FTSE trading up 0.26% after UK Chancellor Rishi Sunak announced a $6.4 billion aid package in the form of grants to firms and workers as the government has imposed another lockdown in the country until mid-February at least. The CAC 40 gave up early gains and slipped into the red (-0.22%) at the time of this report as did the DAX which is down 0.26%.

US futures are all trading up while crude oil prices have moved up 10 cents to $47.84 since today morning. U.S. stocks are seen opening higher Tuesday, rebounding after the previous session’s sharp losses, although gains are likely to be modest ahead of Georgia’s Senate runoffs later in the day.

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