Biden, Budget lift Sensex over 50K, but profit booking, SII fire deflate rise (Roundup)

Mumbai, Jan 21 : India’s barometer index — the S&P BSE Sensex — crossed the 50,000 mark on Thursday on the back of positive global cues and expectations of healthy quarterly results, along with that of a growth supportive Union Budget FY22. It, however, closed lower than the psychlogically important milestone due to profit booking.
The Sensex closed at 49,624.76, lower by 167.36 points, or 0.34 per cent, from its previous close of 49,792.12 after opening at the historically high level.
It had opened at 50,162.05 and touched a fresh all-time high of 50,184.01 points.
Similarly, the Nifty50 on the National Stock Exchange (NSE) touched a new record high of 14,753.55 points. It ended the day’s trade at 14,590.35, lower by 54.35 points, or 0.37 per cent, from its previous close.
Earlier in the day, Sensex crossed the 50,000 mark.
Coming a day after Joe Biden’s inauguration as US President, the BSE Sensex mirrored its Asian counterparts in having a gap-up opening.