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Sensex ends 92 pts higher, Nifty near 14,600

Thursday,   14-Jan-2021   04:03 PM (IST)

The Indian markets ended Thursday's volatile session with marginal gains amid weekly options expiry as Tata Consultancy Services (TCS) and Reliance Industries helped the benchmark indices erase early losses. The S&P BSE Sensex closed at 49,584, up 92 points, or 0.19 per cent. The index hit an intra-day high and low of 49,664 and 49,182, respectively. The broader Nifty50 index, meanwhile, ended the session at 14,596, up 0.21 per cent. IndusInd Bank (up 3 per cent) and TCS (up 2.7 per cent) were the top Sensex gainers, while Reliance Industries also rose 1 per cent. On the other hand, HCL Tech (down 2 per cent) led the list of losers. Out of the 30 Sensex constituents, 16 ended the day in the green. Among other individual stocks, Infosys plunged as much as 5 per cent while Wipro fell 6 per cent in the intra-day deals as investors booked profits in both the stocks after the companies posted better-than-expected numbers for the December quarter (Q3FY21). Both the stocks partially erased their losses and ended with marginal losses. On the other hand, Hindustan Aeronautics ended the day 9.5 per cent higher after the government approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force at a cost of Rs 48,000 crore. The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty FMCG indexes, up 0.8 per cent and 0.7 per cent, respectively being offset by losses in Nifty Metal index, down 1 per cent. In the broader markets, the S&P BSE MidCap and SmallCap indices ended 0.29 per cent and 0.17 per cent higher, respectively.