Sensex Ends Above 46000, Nifty At 13505 In Volatile Trade

In a volatile trading session, indices shed their all-time highs struck in early trade of 13550 on the Nifty and Sensex's life time high of 46310, due to selling in pharma, IT and auto pack. Nifty Energy was the outlier with gains of 1.73 percent towards the close of the session, lifted by stocks such as ONGC, GAIL, IOC, HPCL and NTPC.

Sensex Ends Above 46000, Nifty At 13505 In Volatile Trade

Top gainers on the Nifty in today's deal have been ONGC, NTPC, GAIL and Coal India, while laggards include Axis Bank, Divis Labs, Eicher Motors, M&M and Adani Ports among others.

Shares of PNC Infratech gained up to 9 percent after the company informed about receipt of LoA for an EPC project spanning 10 years of Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh. The project is worth Rs 952 crore.

Shares of Hinduja Global Solutions also jumped quite aggressively after the company collaborated with HGS AxisPoint Health for providing disease management services to approximately 195,000 Medicaid beneficiaries in a seven-county area in North Texas.

Meanwhile, after the IRCTC OFS opened for retail investors, the stock traded weak in early deal.

Logistics stocks also continue to gain momentum on Covid 19 vaccine optimism. On Thursday, Spicejet and Snowman Logistics inked agreement to for undertaking storage, transportation and distribution of Covid 19 vaccines.

Snowman Logistics and SpiceJet on Thursday, December 10 signed a Memorandum of Understanding (MoU) for jointly engaging in storage, transportation and distribution of Covid-19 vaccines from various manufacturers, across India and internationally, in the required temperature-controlled zones.

Meanwhile, European stocks were trading weak on tricky Brexit negotiation and uncertainty over US stimulus. Also, US stock futures were trading weak pointing to a subdued opening.

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