Sensex Rallies 500 Points, Nifty Tops 17,360 On Last Day Of 2021; Hindalco Titan Top Gainer
Indian equity benchmarks ended 2021 on a positive note led by gains in metal and auto stocks, even as concerns about the Omicron version of the coronavirus kept investors cautious globally. Benchmark S&P BSE Sensex rose 459.50 points to 58,253.82, while Nifty 50 rose 159.65 points to 17,636.60.
Hindalco, Titan Company, UltraTech Cement, Tata Motors were among the top gainers. On the flipside, NTPC, Cipla, Tech Mahindra, Power Grid Corporation were the top gainers on the NSE. Mid- and small-cap stocks ended on a positive note as Nifty Midcap 100 index rose 1.40 per cent and Nifty Smallcap 100 index rose 1.41 per cent.
All NSE sectoral indices need to be on top with Nifty Metal, Nifty Auto Index.
Globally, stock markets fell in thin trade on Friday but were set to see double-digit gains for 2021 in the new year, while oil prices posted their biggest annual rise since 2009. The latter were close to $80 a barrel.
With many markets in Asia and Europe closed on Friday, trading volumes were very low and most markets were directionless. Underperformer Britain’s FTSE 100 fell 0.35 per cent during 2021. Wall Street futures pointed to a flat open after a pullback late on Thursday.
The MSCI World Index was marginally higher and just 0.5 per cent off record highs. The index has risen 17 percent in 2021, a double-digit gain for the third year in a row.
