On Monday (Jan 11, 2021), Equity indices opened higher with the benchmark BSE Sensex breaching the 49,000-mark for the first time. The 30 share BSE index scaled an intra-day high of 49,252 during early trade while the broader NSE Nifty was trading above 14,400.
 

The top gainers in the Sensex pack like Infosys, HCL Tech, TCS, Bharti Airtel, Tech Mahindra, and M&M were included with their shares rising as much as 3.45%. While Ultra Cemco, Sun Pharma, Axis Bank, and Bajaj Finance were on the list of the major losers that falls up to 0.99%. The domestic markets carry out their record run in the week gone by and marked their brand new peaks almost on a daily basis. This is the thing that they usually did in the past few weeks by riding on the positive global ongoing trends and news related to the Covid-19 vaccine in the front having the hope of economic recovery optimism. Experts say that the focus of the market has been shifted to third-quarter earnings.
 

On Friday, The country’s largest IT company named Tata Consultancy Services or shortly known as TCS reported a 7.2 % jump in the month of December quarter net to the amount of Rs 8,701 crore that was on a consolidated basis which seemed to suggest that the worst is put behind by projecting the double-digit- revenue growth for FY22. Siddhartha Khemka, head – retail research, Motilal Oswal Financial Services Ltd told news agency PTI said, “Going ahead, global cues will be watched closely for the further trend in the market. The investors would also track the rollout of the Covid-19 vaccine in our country- India posts the dry-run, December month quarterly results, and the Union Budget dated February 1. This week lots of macro data will be out including inflation and industrial output,” On Monday, in this meantime Asian shares took a sigh of relief while the treasury yields were imposed at the position of 10-month highs as the “trillions” in the new US fiscal stimulus plans being set to be unveiled in this week.