Sensex, Nifty End Marginally Higher

Sensex, Nifty End Marginally Higher

Mumbai: The 30-share BSE Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03.

Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85.

Asian Paints was the top gainer in the Sensex pack, rising over 2 per cent, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India.

On the other hand, ICICI Bank, Bajaj Finance, L&T, TCS, Infosys and Reliance Industries were among the laggards.

A continued surge in second wave of Covid-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to sustainability of rebound of earnings momentum, said Binod Modi, Head-Strategy at Reliance Securities.

While the government’s strong effort to expedite vaccination progress and absence of complete lockdown in Maharashtra and Delhi offered some comfort to equities, the risk of other states taking steps of wider economic restrictions continues to persist, which may continue to weigh on investors’ sentiments in the near term, he noted.

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