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Benchmark indices drop lower, Sensex down 476 points at 46,379

BL Internet Des | Updated on January 29, 2021 Published on January 29, 2021

Nifty slides 150 points to 13,667

The benchmark indices extended their losses to over 1 per cent at the close on Friday.

Ahead of the close, Sensex was down 476 points or 1.06 per cent at 46,379. Nifty was down 150 points or 1.09 per cent at 13,667.

Earlier, the benchmarks opened the session on a firm note. According to a PTI report, equities made a smart recovery on Friday morning after five sessions of hefty losses, with the BSE benchmark Sensex rebounding over 400 points, led by gains mainly in banking, energy and auto stocks.

Over the previous five sessions, the Sensex had lost 2,917.76 points, while the Nifty had shed 827.15 points.

Analysts quoted by the report, said a continued pullback in domestic markets was mainly led by profit booking ahead of the Union Budget and important global events.

Foreign portfolio investors (FPIs) offloaded shares worth a net Rs 3,712.51 crore on Thursday, according to exchange data.

Elsewhere in Asia on Friday, stocks markets were trading higher but heading towards settling with worst weekly losses in months. (with inputs from PTI)

 

 

 

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Published on January 29, 2021
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