Sensex, Nifty Close Penultimate Week of 2021 Higher
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
United Breweries Jumps After NCLAT Stays CCI's Order On The Firm Penalising Rs 750 Crore For Alleged Cartelisation
Data Patterns' Shares List At 46.33% Premium To Its IPO Price On Market Debut
Lupin Gets Tentative U.S. FDA Nod For Drug To Treat High Blood Pressure
L&T Finance Holdings' Shares Shed Over 5%
HCL Tech Climbs Over 4.5%, About 2.6 Million Shares Change Hands In Large Trade
- Oldest First
Closing Bell
India's stock benchmarks logged gains in the penultimate week of 2021, aided by information technology and pharma stocks.
It was a volatile week with the benchmarks recovering for three consecutive sessions after the sharp decline on Monday, only to close the week snapping that winning streak.
On Friday's session, the S&P BSE Sensex fell 0.33% to 57,124.31. The 30-stock gauge shed nearly 1% or over 500 points in intraday trade to slip below 57,000, before paring some of the losses. The NSE Nifty 50 index also fell by similar magnitude to 17,003.75.
The broader indices underperformed their larger peers with S&P BSE MidCap shedding over 1% and S&P BSE SmallCap slipping 0.6%. Barring S&P BSE Information Technology & S&P BSE Teck, all the other 17 sectoral indices compiled by BSE Ltd. declined with S&P BSE Realty falling over 2%.
The market breadth was skewed in the favour of bears. About 1,576 stocks advanced, 1,752 declined and 98 remained unchanged.
S&P BSE Utilities Index Down Nearly 2%
NSE Nifty Pharma Slips Nearly 1%; Seventeen Of The 20 Constituents Decline
Infosys Hits A Record; Becomes The Fourth Indian Firm To Cross Rs 8 Lakh Crore Market Capitalisation
Shares of Infosys Ltd. rose 0.98% to a record Rs 1,875.75 apiece, on the NSE. This is the four consecutive session in which the stock has gained.
The stock rose over 3% in intraday trade on the Bombay Stock Exchange and the company's market capitalisation rose above Rs 8 lakh crore in intraday trade, making it the second information technology firm and fourth overall to cross the milestone mark.
Central Bank Of India Rises The Most In A Month
Shares of Central Bank of India Ltd. rose 10.17%, the biggest intraday gain in a month, to Rs 23.3 apiece.
Trading volume was 35% above the 20-day average for this time of the day.
The lender announced strategic co-lending partnership with Ugro Capital Ltd. to offer loans to MSME borrowers under priority sector, on Tuesday.
Ugro Capital will originate and process loans to MSME borrowers in consonance with credit parameters and eligibility criteria and Central Bank will take 80% of loans into its book. In an exchange filing on December 21, Central Bank said the co-lending arranged will help both the entities to enhance the customer experience.
Shares of Central Bank of India have risen over the last three sessions.