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.
In the broader market, the S&P BSE MidCap and SmallCap ended with loss at 0.76 per cent and 0.93 per cent respectively.
In the broader market, the S&P BSE MidCap and SmallCap ended with gains at 1.65 per cent and 0.6 per cent respectively.
Top gainers on the Sensex included Tata Steel, HDFC Bank, Ultratech Cement, PowerGrid, ONGC, Kotak bank and Axis Bank.
Traders said Das' comments on expectation of GDP turning positive in the said quarter also fuelled the market rally.
Although the broader market was a bit lacklustre, sustained buying in cement and select pharma counters was seen during the day, he added.
