Sensex slumps 549 pts on profit booking

January 15, 2021 17:27

Equity indices sank deep into the red on Friday as concerns over stretched valuations and a bearish trend in global markets triggered across-the-board selling. Investors preferred to book profits at higher levels despite a good start to the earnings season, traders said.

The 30-share BSE Sensex slumped 549.49 points or 1.11 per cent to finish at 49,034.67. The broader NSE Nifty tumbled 161.90 points or 1.11 per cent to 14,433.70. Tech Mahindra was the top loser in the Sensex pack, shedding 4.35 per cent, followed by HCL Tech, ONGC, Asian Paints, UltraTech Cement, HDFC and HUL.

Only four Sensex components closed with gains -- Bharti Airtel, ITC, Bajaj Auto and Bajaj Finance, spurting up to 3.84 per cent. During the week, the Sensex advanced 252.16 points or 0.51 per cent while the Nifty rose 86.45 points or 0.60 per cent. -- PTI

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