Published on 22/01/2021 9:40:07 AM | Source: Reuters

Sensex, Nifty inch lower; all eyes on Reliance ahead of results

Posted in Stock Market| #Sensex #Stock Market #NSE #BSE #Nifty

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BENGALURU  - Indian shares slipped on Friday, as investors locked in profits after major indexes hit record highs in the previous session and as a global rally took a breather, while the focus turned to Reliance Industries' quarterly earnings later in the day.

The blue-chip NSE Nifty 50 index fell 0.2% to 14,569 and the benchmark S&P BSE Sensex was down 0.2% at 49,528.03 by 0346 GMT.

Reliance Industries gained 0.7% ahead of its December quarter earnings, which the oil to telecom conglomerate would report after the markets close.

Asian shares eased from record highs, as investors took some profits after a recent rally that was driven by hopes of a massive U.S. economic stimulus plan by incoming President Joe Biden.