Market starts week on weak footing as benchmarks snap 4-day gaining streak
However, buying in PSU Bank, IT, and media helped Nifty to close above 25,500.
However, buying in PSU Bank, IT, and media helped Nifty to close above 25,500.
The 30-share BSE index ended 247.79 points or 0.50 per cent higher at 49,517.11. It had earlier touched an all-time high of 49,569.14 during the day.
The broader NSE Nifty fell 53.25 points or 0.38 per cent to 14,146.25. It touched a record peak of 14,244.15 during the day.
Elsewhere in Asia, most bourses closed with gains following positive global trends after the US clears the much-awaited coronavirus relief bill.
The S&P BSE Sensex ended 529.36 points or 1.14 per cent higher at 46,973.54 with Axis Bank being the top gainer, rising around 3 per cent.
ONGC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by NTPC, Tata Steel, Bajaj Finance, ITC, IndusInd Bank, SBI and Reliance Industries.
The broader NSE Nifty touched a record intra-day peak of 13,145.85, before ending 196.75 points or 1.51 per cent down at 12,858.40.
SBI was the top gainer, soaring over 5 per cent, followed by Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj Finserv and HCL Tech.
BSE Gainers were led by IndusInd Bank, gaining around 7 per cent, followed by ICICI Bank, Axis Bank, HDFC, Bharti Airtel, SBI, Bajaj Finance and HDFC Bank.
During the week, Sensex tumbled 1,071.43 points or 2.63 per cent, while Nifty sank 287.95 points or 2.41 per cent.
