Sensex over 50K mark as Biden, Budget 2021 fuel fast recovery hopes
Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India's barometer index – the S&P BSE Sensex – to cross the 50,000 mark on Thursday.
Let us look at the crucial factors and numbers in play here.
Sensex loose early gains due to profit booking
The barometer index dipped below the psychologically important mark due to profit booking at the end of the day`s trade. The Sensex closed at 49,624.76, lower by 167.36 points, or 0.34 per cent, from its previous close of 49,792.12. It opened at 50,162.05 and touched a fresh all-time high of 50,184.01 points. Source: Reuters