The Sensex touched a new high of 51,000 and the Nifty touched a new high of 15,000, but losses to investors

MUMBAI: The Sensex touched a new high of 51,000 and the Nifty touched a new high of 15,000 for the fifth day in a row on Friday. However high level profit bunking could not sustain this level. Today, on February 5, 2021, the Sensex jumped from the previous close to 51,000 and opened at 51,031 and touched a new high of 51,073 at the beginning. But profit-taking pressure fell to 50,565. At the end of the session, the Sensex closed 117 points higher at 50,731, the highest closing level ever. Like the Sensex, the Nifty jumped to 15,000 at the start of the session after opening at 14952 today and touched an all-time high of 15,014. But declined due to profit-taking pressure and finally closed at 14924, an improvement of only 27 points. In the last five days, the Sensex has gained 4446 points and the Nifty has gained 1289 points.

Banking sector stocks were in the limelight in the opening session of the stock market today when the lending policy was announced by the RBI. The RBI has kept interest rates stable in today’s lending policy. The Bank Nifty index rose 309 points to close at 35,654. The Nifty’s PSU Bank Index improved 79 points to close at 2277. Of the 34 banks listed on the BSE, only 15 gained while 19 closed at a loss.

Today, the 30 blue chip stocks of the Sensex were 50-50 as 15 stocks rose and 15 fell. So 27 of the 50 benchmark Nifty bluechip stocks fell. The midcap and smallcap indexes, which had been rising steadily for the past four days, fell on selling pressure. The Lycom index fell the most at 2.5 per cent.

Today, the Sensex and Nifty touched new highs of 51,000 and 15,000, respectively, although investors remained at a loss. The total market cap of BSE on Friday was Rs 200.33 lakh crore. This shows an erosion of Rs 0.14 lakh crore in the market cap today as compared to Rs 200.47 lakh crore on Thursday.

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