COVID surge weighs on investors’ sentiments, Sensex
Mumbai: Equity benchmarks Sensex and Nifty ended marginally higher after a volatile session on Friday amid positive cues from global markets.
The 30-share BSE Sensex ended 28.35 points or 0.06 per cent higher at 48,832.03.
Similarly, the broader NSE Nifty rose 36.40 points or 0.25 per cent to 14,617.85.
Asian Paints was the top gainer in the Sensex pack, rising over 2 per cent, followed by 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 were among the laggards.
A continued surge in second wave of COVID-19 cases in the country, which already crossed 2 lakh daily cases, has certainly posed a risk to sustainability of rebound of earnings momentum, said Binod Modi, Head-Strategy at Reliance Securities.
