After a volatile trading session on 18th December 2020, the benchmark indices erase all losses and end flat with marginal gains.
At close, the Sensex was up 70.35 points or 0.15 per cent at 46,960.69 and Nifty was up 19.80 points or 0.14 per cent at 13,760.50. Pharma and IT sector outperformed the benchmark indices.
About 1,125 shares have advanced, 1161 shares declined and 122 shares remain unchanged.
On Nifty 50 index Dr Reddys Labs (3.07 per cent), Infosys (2.64 per cent), Bajaj Auto (2.36 per cent) and Wipro (1.86 per cent) were the top gainers for the day, while IndusInd Bank (-3.27 per cent), ONGC (-2.46 per cent), HDFC Bank (-2.11 per cent) and Maruti Suzuki (-1.74 per cent) were the top losers for the day.
On the sectoral front, IT and Pharma indices gained 1 per cent each, Bank, Energy, Metal and Infra indices witnessed selling pressure and closed in the red.
Author’s View: Nifty managed to close above 13,700 level, which is a positive sign. All intraday corrections can be used to initiate fresh long positions with a strict stop loss till we trade above 13,600 level.
Disclaimer: The view/s expressed above are only for educational/awareness purpose. Mumbailive.com or the author of the post bears no liability for any losses suffered by following any advice posted on the website. You are solely responsible for making your own investment decisions.
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