Sensex above 49,700; auto, telecom stocks rise

Gallery

MORE...

Sports

India Open Competition in Shotgun begins in Jaipur, paving way for Nationals' qualification

India Open Competition in Shotgun, organised by the National Rifle Association of India (N

Hockey India names Amir Ali-led 20-man team for Junior Asia Cup

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

MORE...

Sensex above 49,700; auto, telecom stocks rise

Last Updated : 13 Jan 2021 11:21:30 AM IST

Sensex above 49,700; auto, telecom stocks rise

The Indian equity indices scaled new highs on Wednesday morning with the BSE Sensex trading above the 49,700 mark.

The Nifty50 on the National Stock Exchange also was above the 14,600 level.

Healthy buying was witnessed in auto, telecom and oil and gas stocks.

Around 10 a.m., Sensex was trading at 49,730.90, higher by 213.79 points or 0.43 per cent from its previous close of 49,517.11.

It has touched a record high of 49,795.19 points during the day so far.

The Nifty50 on the National Stock Exchange was trading at 14,635.75, higher by 72.30 points or 0.5 per cent from its previous close.

Manish Hathiramani, technical analyst with Deen Dayal Investments said: "We have achieved the 14,600 level. The key resistance patch is now between 14,650 and 14,750. It needs to be seen how the markets react here."

"If we can get past the 14,750 level on a closing basis, we should be headed towards 15,000. The current support range for the Nifty is 14,200-14,250," it said.

The top gainers on the Sensex were Bharti Airtel, ONGC and State Bank of India (SBI) so far, while Titan Company, TCS and Kotak Mahindra Bank were the major losers.