Sensex is close to 50,000 points

The Bombay Stock Exchange benchmark Sensex on January 14 touched close to 50,000 points. The Sensex rose to 49,795.19, after which the stock market fell.

The stock index, which touched a new record high, fluctuated early in the day rose in the last few hours. The Nifty declined by more than 200 points during trading. The Nifty rose by over 100 points to close at 14,653 points in the morning trade. However, as investors continued to use every downturn as an investment opportunity, the market witnessed a strong uptick and closed with gains.

Shares of public sector banks, automobiles and pharma gained. Mahindra & Mahindra & SBI are the top gainers in the Nifty.

Bank Nifty today recorded an all-time high. Bank Nifty was under slight selling pressure after rising to 32,683 points.

Shares of Bharti Airtel rose as much as 60 per cent this morning. Bharti Airtel’s foreign direct investment (FDI) limit in its subsidiaries has been hiked to 100 per cent with immediate effect.

Most of the Nifty stocks were gainers. 26 stocks gained while 24 stocks lost.