News From Press Sensex, Nifty end in the red for 2nd day; midcap stocks outperform

Sensex, Nifty end in the red for 2nd day; midcap stocks outperform

The 30-share pack Sensex dropped 80.74 points, or 0.17 per cent, to 48,093.32. Its broader peer, NSE Nifty, fell 8.90 points, or 0.06 per cent, to 14,137.35.

The Economic Times Jan 8, 2021

Late hour selling in IT and FMCG stocks pushed benchmark indices lower for the second consecutive day, wiping out all morning gains, but the broader markets continued to outperform. Nifty Midcap index is trading at record highs amid heavy buying in smaller names. Meanwhile, some bout of profit booking has started in their larger peers as valuations are looking extremely stretched.

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