In the first session of 2021, the S&P BSE Sensex and NSE Nifty 50 indexes closed at record highs, paced by gains in state-run banking, information technology, automotive, FMCG, and pharma shares. The benchmarks staged an opening gap in which the Sensex gained for the eighth session in a row, growing to 229 points to reach an all-time high of 47,980.36, and for the first time, Nifty closed above 14,000. Among the top players in the Sensex were Tata Consultancy Services, ITC, State Bank of India, and Infosys. At an all-time high of 47,868.98, the Sensex ended 118 points higher and the Nifty 50 index climbed 37 points to finish at a record high of 14,018.50. Eight of the 11 sector gauges compiled by the National Stock Exchange ended higher, led by a gain of over 3 percent from the Nifty PSU Bank index. The indexes for Nifty IT, Car, FMCG, Media, and Pharma have increased by 0-6-0.8 percent. In comparison, the indexes of Nifty Private Bank, Bank, and Financial Services ended lower. As the Nifty Midcap 100 and Nifty Smallcap 100 indexes rose over 1 percent each, mid-and small-cap shares outperformed their larger peers. A good market debut opening was made by Antony Waste Handling Cell shares at around 430 per BSE. That was a 36.51 percent premium from the upper end of the issue price of the IPO of the municipal solid waste management service provider, which was subscribed more than fifteen times last month. At the highest level of the day, Antony shares soared as much as 56.43 percent to quote at ~492.75 percent on the stock exchange. Adani Ports was the top Nifty winner, with the stock rising 4.4% to close at 505. TCS, ITC, Mahindra & Mahindra, India State Bank, Tata Motors, Bharti Airtel, Bajaj Auto, Sun Pharma, and Cipla have also increased by 0.9-2.4% each. On the flip side, the losers included ICICI Bank, SBI Life, Hindalco, HDFC Bank, Titan, Bajaj Finance, and Bajaj Finserv. As 2,049 shares ended higher while 951 closed lower on the BSE, the overall market breadth was positive.
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