Sensex Ends 117 Points Higher; Nifty Ends Above 14,000-Mark For The First Time

Indian share markets ended the first trading day of the year 2021 on a positive note.

Benchmark indices witnessed positive trading during the day and the Nifty ended above the 14,000 level for the first time.

At the closing bell, the BSE Sensex stood higher by 117 points (up 0.3%).

The NSE Nifty stood higher by 36 points (up 0.3%).

Adani Ports & SEZ and TCS were among the top gainers today.

ICICI Bank, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,055, up by 39 points, at the time of writing.

The BSE Mid Cap index ended up by 1.2%. The BSE Small Cap index ended higher by 0.9%.

Except banking, all the sectoral indices ended on a positive note with stocks in the and capital goods sector witnessing maximum buying interest.

Asian share markets ended mixed today.

As of the most recent closing prices, the Hang Seng stood higher by 0.3% and the Nikkei fell 0.4%.

The rupee is trading at 73.08 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,229 per 10 grams.

In news from the finance space...

The Indian government notified that it is continuing with the current interest rates on Public Provident Funds (PPFs) and National Savings Certificate (NSCs), keeping it unchanged for the last quarter of the current fiscal year.

Small savings schemes including the PPF and NSC will continue to offer annual interest rates of 7.1% and 6.8%, respectively, from January to March 2021.

"The rates of interest on various small savings schemes for the fourth quarter of 2020-21 ending on March 31 shall remain unchanged from those notified for the third quarter (October 1-December 31, 2020)", the Ministry of Finance said in a notification.

The Finance Ministry announces the interest rates for small saving schemes on a quarterly basis.

The five-year Senior Citizens Savings Scheme will offer the same 7.4% interest rate. The interest rate on savings deposits has been retained at 4%, while the rate on Kisan Vikas Patra (KVP) is to stand at 7.6% until the completion of the first quarter of 2021.

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