Sensex, Nifty closed with slight edge

The equity benchmark Sensex and Nifty closed marginally higher on Friday after fluctuations on Friday amid positive signals from global markets.

The 30-share BSE Sensex rose 28.35 points or 0.06% to close at 48,832.03.

Similarly, the broader NSE Nifty rose 36.40 points or 0.25% to 14,617.85 points.

In the Sensex pack, Asian Paints rose over 2% to UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India.

On the other hand, ICICI Bank, Bajaj Finance, L&T, TCS, Infosys and Reliance Industries lagged behind.

Binod Modi, the head-strategy of Reliance Securities, said that there has been an increase in the second wave of COVID-19 cases in the country, which has already crossed 2 lakh cases, definitely to keep up the pace of earnings Risk has arisen.

While the government’s strong efforts to accelerate vaccination progress in Maharashtra and Delhi and the absence of a complete lockdown gave some comfort to equities, the risk of other states taking steps for macroeconomic sanctions remains constant, weighing investors’ sentiments Can continue In the near term, he noted.

“Unlike last year, states seem reluctant to go for full lockout this time due to the widespread impact on economic activity.

“Further, the existing mobility restrictions on various states and government’s focus on improving the supply of vaccines in the country should be helpful in spreading in the coming weeks and not necessarily cause major economic losses,” he said.

Elsewhere in Asia, nutrition ended on a positive note in Shanghai, Hong Kong, Seoul and Tokyo.

Stock exchanges in Europe were trading with gains in mid-session deals.

Meanwhile, the international oil benchmark Brent crude was trading up 0.40% at 67.21 per barrel.