Sensex, Nifty open at fresh highs; IT, pharma stocks under pressure

07 Jan 2021, 09:02:40 AM IST

Markets at close on Wednesday

Snapping its 10-session rising streak, equity benchmark Sensex tumbled 264 points on Wednesday as investors booked profits in Reliance Industries as well as IT, finance and FMCG stocks amid mixed global cues.

However, a recovering rupee and sustained foreign fund inflows restricted the fall, traders said.

After touching its record intra-day high of 48,616.66 in early trade, the 30-share BSE index pared all gains to end 263.72 points or 0.54% lower at 48,174.06.

Similarly, the broader NSE Nifty fell 53.25 points or 0.38% to 14,146.25. It touched a record peak of 14,244.15 during the day.