New Delhi: Sensex Rallies 500 Points, Nifty Tops 17,360 On Last Session Of 2021Nifty Updates: Hindalco, Titan Company, UltraTech Cement, were among the top gainers.
The Indian equity benchmarks ended 2021 on a positive note led by gains in metal and auto shares, even though concerns about the Omicron variant of coronavirus kept investors cautious globally.
The benchmark S&P BSE Sensex surged by 459.50 points to 58,253.82, while the Nifty 50 rose 159.65 points higher to 17,636.60. Hindalco, Titan Company, UltraTech Cement, Tata Motors were among the top gainers. On the flipside, NTPC, Cipla, Tech Mahindra, Power Grid Corporation were among the top laggards on the NSE. Mid- and small-cap shares ended on a positive note as Nifty Midcap 100 index was up 1.40 per cent and Nifty Smallcap 100 index rose 1.41 per cent
All NSE sectoral indices need in the green with the Nifty Metal, Nifty Auto indices as the top gainers. The blue-chip Nifty 50 was one of the best performer among emerging markets in Asia in 2021 and outpaced the MSCI World Index which rose 17 per cent. Indian equities scaled a record high in October 2021, but have retreated nearly seven per cent on worries over high valuations and the spread of Omicron. ”Markets recovered significantly during the week with Nifty gaining 2.24 per cent and Sensex gaining 2.16 per cent. This strong pullback and phase exhibits a stock market surge through the last five trading days of December and the first two days of January.
