Benchmark indices managed to close higher for the third straight session today. However, a record rise in coronavirus cases pushed Sensex and Nifty into the red on a weekly basis.
India added a record 2,17,353 new coronavirus infections in a day, taking the total tally of COVID-19 cases to 1,42,91,917, while active cases surpassed the 15-lakh mark, according to the Union Health Ministry data on Friday. This is the second consecutive day that the country has reported over two lakh cases.
During the week, Sensex sank 759.29 points or 1.53 per cent, while Nifty crashed 217 points or 1.46 per cent.
Sensex closed 28.35 points higher at 48,832 and Nifty rose 36.40 points to 14,617 in choppy trade today.
Top Sensex gainers were Asian Paints rising 3.07 per cent, followed by UltraTech Cement, ONGC, M&M, Sun Pharma, HCL Tech, Tech Mahindra and Nestle India.
News Source: businesstoday