Indian shares decline from record highs
- 05 Jan 2021
Gulf Today Report
Indian shares slipped on Tuesday as heavyweight Reliance Industries fell and worries for the Senate runoff in the Georgia, US.
The blue-chip NSE Nifty 50 index fell 0.46% to 14,068.05, while the benchmark S&P BSE Sensex shed 0.41% to 47,979.07.
According to Ajit Mishra, vice president, research at Religare Broking, global cues play an important role in market trends.
"We are seeing buying interest in every dip... Today, we may see some consolidation in the market, which is healthy, especially before the beginning of the third-quarter earnings season."
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The Reliance Industries fell by 1% leading the Nifty 50’s fall.
The company on Monday said it had asked government authorities to help stop attacks against its telecommunication masts by protesting farmers.
The Nifty Bank Index fell 0.37%. ICICI Bank declined 1.3% and was among the top drags on the Nifty 50.