AGL 5.95 Decreased By ▼ -0.13 (-2.14%)
ANL 9.26 Decreased By ▼ -0.14 (-1.49%)
AVN 80.82 Decreased By ▼ -0.64 (-0.79%)
BOP 5.20 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.86 Decreased By ▼ -0.04 (-0.82%)
EFERT 81.82 Increased By ▲ 0.27 (0.33%)
EPCL 53.94 Decreased By ▼ -0.06 (-0.11%)
FCCL 14.29 Decreased By ▼ -0.11 (-0.76%)
FFL 5.93 Decreased By ▼ -0.12 (-1.98%)
FLYNG 7.44 Decreased By ▼ -0.12 (-1.59%)
FNEL 4.95 Decreased By ▼ -0.05 (-1%)
GGGL 9.18 Decreased By ▼ -0.14 (-1.5%)
GGL 16.51 Decreased By ▼ -0.19 (-1.14%)
HUMNL 6.14 Increased By ▲ 0.45 (7.91%)
KEL 2.77 Decreased By ▼ -0.02 (-0.72%)
LOTCHEM 30.81 Increased By ▲ 0.26 (0.85%)
MLCF 27.45 Decreased By ▼ -0.34 (-1.22%)
OGDC 74.27 Increased By ▲ 0.27 (0.36%)
PAEL 15.98 Decreased By ▼ -0.21 (-1.3%)
PIBTL 5.21 Decreased By ▼ -0.02 (-0.38%)
PRL 17.01 Decreased By ▼ -0.28 (-1.62%)
SILK 1.10 Increased By ▲ 0.01 (0.92%)
TELE 10.00 Decreased By ▼ -0.04 (-0.4%)
TPL 7.65 Decreased By ▼ -0.05 (-0.65%)
TPLP 19.41 Decreased By ▼ -0.36 (-1.82%)
TREET 22.72 Decreased By ▼ -0.47 (-2.03%)
TRG 146.80 Decreased By ▼ -0.55 (-0.37%)
UNITY 17.09 Decreased By ▼ -0.10 (-0.58%)
WAVES 10.33 Decreased By ▼ -0.05 (-0.48%)
WTL 1.42 Decreased By ▼ -0.04 (-2.74%)
BR100 4,330 Increased By 3.4 (0.08%)
BR30 16,296 Increased By 46.9 (0.29%)
KSE100 42,904 Increased By 23.3 (0.05%)
KSE30 15,805 Decreased By -4.6 (-0.03%)
Markets

Indian shares flat as IT weighs; Nifty set for 15% gain in 2020

  • The Nifty IT which has rallied more than 55% this year, was down 0.53% in early trade.
Published December 31, 2020
Follow us

BENGALURU: Indian shares were flat on the final trading day of 2020 as losses in IT stocks were offset by gains in Reliance Industries, while the benchmark Nifty index was set to finish the year 15% higher.

The NSE Nifty 50 index was up 0.03% at 13,984.95 by 0353 GMT, while the S&P BSE Sensex was trading 0.04% higher at 47,763.48.

The Nifty has risen 14.90% so far this year, while the Sensex has gained 15.74%. Both indexes have hit record highs after plunging to multi-year lows in March as businesses were shuttered due to the pandemic.

News on vaccine development and measures from global central banks to cushion the economic fallout from the crisis have helped the indexes log annual gains.

The Nifty IT which has rallied more than 55% this year, was down 0.53% in early trade.

Reliance Industries Ltd, India's most valuable company, rose 0.6% and was the top boost to the Nifty.

Meanwhile, US stocks finished higher overnight and Asian shares hovered near record highs on Thursday as investors bet on a speedy economic recovery in 2021 amid COVID-19 vaccine rollouts.

Comments

Comments are closed.

Indian shares flat as IT weighs; Nifty set for 15% gain in 2020

PM Shehbaz urges Turkiye to invest in Pakistan's mega solar project

Ishaq Dar says Pakistani delegation to leave for Russia for potential oil deal

Pakistan secures €150mn in aid from ECO Trade and Development Bank: Marriyum

Saudi Arabia blocks Qatari beIN’s World Cup streaming platform

Ukraine president’s chief of staff says Russia ‘will pay’ for Soviet-era famine

Xi tells Kim China willing to work with North Korea for ‘world peace’

Owned by resident Pakistanis: FBR starts taxing hundreds of foreign properties

Argentina look to Messi to salvage World Cup bid

China’s Shenzhen Energy signs long-term LNG contract with BP

Overnight reverse repo (ceiling) rate to be 17pc