{"id":106221,"date":"2021-02-03T12:06:45","date_gmt":"2021-02-03T12:06:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=106221"},"modified":"2021-02-03T12:06:45","modified_gmt":"2021-02-03T12:06:45","slug":"sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january\/","title":{"rendered":"Sensex, Nifty close at record highs as services sector picks up in January"},"content":{"rendered":"

BENGALURU (Reuters) – Indian shares ended at record closing highs on Wednesday, extending a post-budget rally on gains in financial stocks after a survey showed that the country\u2019s dominant services sector picked up in January.<\/p>

Slideshow ( 2 images )<\/span><\/figcaption>

The NSE Nifty 50 index rose 0.97% to 14,789.95, while the benchmark S&P BSE Sensex was up 0.92% at 50,255.75. Both the indexes touched record intra-day highs earlier in the session after rising as much as 1.5% and 1.46% respectively.<\/p>\n

The Nikkei\/IHS Markit Services Purchasing Managers\u2019 Index rose to 52.8 in January from 52.3 in December, staying above the 50-level mark separating growth from contraction for the fourth straight month.<\/p>\n

Home loan provider Housing Development Finance Corp rose 1.7% and was the top boost to the index.<\/p>\n

Gains in lenders HDFC Bank and Axis Bank of 0.9% and 2.7% helped the Nifty Bank index end the day 1.4% higher.<\/p>\n

Venky\u2019s, the country\u2019s biggest poultry producer, jumped as much as 16% after swinging to a profit of 1.07 billion rupees in the third quarter.<\/p>\n

Drugmaker Dr.Reddy\u2019s Laboratories, which has a partnership to distribute Russia\u2019s Sputnik V coronavirus vaccine in India, ended the day 3.7% higher after the company said it will seek emergency-use authorisation for the vaccine by next month.<\/p>\n

Personal care products maker Bajaj Consumer Care rose 20% after its quarterly profit rose 17.5% to 573 million rupees.<\/p>\n

Shares in Future Retail fell 5% after a court blocked Future Group\u2019s retail asset sale to Mukesh Ambani-led conglomerate Reliance Industries on objections raised by U.S. e-commerce giant Amazon.com Inc.<\/p>\n

That prompted Future to warn that if it is unable to sell the assets, $4 billion in bank loans and debentures would be at risk, pushing its retail unit into insolvency.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BENGALURU (Reuters) – Indian shares ended at record closing highs on Wednesday, extending a post-budget rally on gains in financial stocks after a survey showed […]<\/p>\n","protected":false},"author":3,"featured_media":106220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSensex, Nifty close at record highs as services sector picks up in January - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sensex, Nifty close at record highs as services sector picks up in January - Fin2me\" \/>\n<meta property=\"og:description\" content=\"BENGALURU (Reuters) – Indian shares ended at record closing highs on Wednesday, extending a post-budget rally on gains in financial stocks after a survey showed [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T12:06:45+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/02\/cnewsfotor435.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january\/\",\"url\":\"https:\/\/fin2me.com\/markets\/sensex-nifty-close-at-record-highs-as-services-sector-picks-up-in-january\/\",\"name\":\"Sensex, Nifty close at record highs as services sector picks up in January - 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