Nifty today 1st Jan 2021, Top gainers and losers
Sensex gained 117 points, Nifty ends above 14K, top gainers, and losers for the day
Sensex and Nifty Today on 1st Jan 2021: Indian stock markets opened higher as indicated by the SGX Nifty in the morning. The markets were firm during the day and traded above their neutral line. In the end, Sensex and Nifty extended their early gains and closed positive.
The domestic market sentiments were positive as the RBI announced it will conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for Rs 10,000 crore each on January 7, 2021. The decision was taken after a review of current liquidity and financial conditions.
The market sentiments got further boosted with the news that Goods and Service Tax collection for December crossed Rs 1.15 lakh crores. This is the highest ever collection since the GST implemented in India in July 2017. Some relief also came with reports that retail inflation for industrial workers eased to 5.27% in November compared to 5.91% in October due to declining in food prices.
On the global front, all major global markets are closed today due to new year celebrations.
Market Updates: Nifty, Sensex, and Bank Nifty today on 1st Jan 2021
At the close, Nifty gained 36.75 points and closed at 14018.50 levels while Sensex climbed 117.65 points or 0.25% and closed at 47868.98 levels. The Bank Nifty on the spot levels declined 38.20 points or 0.12% and ended at 31225.85 levels.
The Nifty midcap and smallcap 100 indices outshined the benchmark indices today. The midcap index gained 248.45 points or 1.19% and ended at 21090.95 levels. Whereas the Nifty smallcap index closed higher by 82.15 points or 1.16% and closed at 7169.75 levels.
The top five gainers in the Nifty 50 index today were Adani Ports, ITC, TCS, M&M, and SBI. On the other hand, the top five losers in the Nifty 50 index today were ICICI Bank, SBI life, Hindalco, HDFC Bank, and Titan Company. Reliance, TCS, and Bajaj Finance were the most active stocks in the NSE today.
On a sectoral basis, the Infrastructure, Capital Goods, IT & Software, Real Estate, and Automobiles sectors closed in the green whereas Manufacturing, Insurance, and Aviation sectors were closed marginally lower today.
Nifty & Bank Nifty futures price today on 1st Jan 2021
The Nifty futures share price today opened at 14002.10, it made a negative opening of only 7.55 points. It has touched an intraday high at 14073.95 and a day’s low at 13997.05
The Nifty futures share price has given a movement of 76.9 points. In the end, it gained 40.85 points or 0.29% and closed at 14050.50 levels.
The Bank Nifty futures share price opened at 31250 It made a negative opening of 53 points today. It has touched an intraday high at 31425 and a day’s low at 31250
During the day, the Bank Nifty futures share price has given a movement of 175 points. In the end, it declined 18 points or 0.06% and closed at the 31285 levels.
Conclusions:
The benchmark indices Sensex and Nifty today closed positive on the first day of the year 2021. The market gained on the domestic news of robust GST collection in the month of December 2020. Nifty closed above 14000 for the first time is a good sign for the market.
You can visit our website again to read “the key factors that may impact the market next week”, Nifty and Bank Nifty target for next week, articles, stocks news, and more.
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Nifty50 Stocks list | Index | Share price
Indian stock market live updates today 1st Jan 2021
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