Mumbai, 21 January
The BSE Sensex crossed the 50,000 mark for the first time on Thursday on growth optimism and global signals, but succumbed to profit booking in end-to-end trading to end in the red.
Weighed by sales in banking, financial and IT counters, the Sensex ended down 167.36 points at 49,624.76. Similarly, the Nifty slipped 54.35 points to close at 14,590.35.
ONGC was the big loser, followed by Airtel, SBI, NTPC, Sun Pharma and ITC.
On the other hand, Bajaj Finance, Bajaj Auto, RIL, Bajaj Finserv and Asian Paints were among the winners, climbing to 2.72%.
“Sensex at 50K is great news not only for the market and investors, but also for the economy. Markets are barometers of the economy with the potential to discount the future. India’s economy is on a solid recovery trajectory, and if the recovery in growth and corporate earnings gains momentum, markets could still surprise on the upside,” said VK Vijayakumar, chief investment strategist at Geojit Financial Services. —PTI