Indian benchmark equity indices ended higher on Monday for the fourth straight session tracking positive from global markets. Sensex ended at 47,353.75, up 380.21 points or 0.81%, while Nifty settled 123.95 points or 0.90% higher at 13,815.15.
SBI closing over 3% higher, was the top gainer followed by Titan, L&T, and IndusInd Bank. HUL, Sun Pharma, and Dr. Reddy’s were among the laggards. Of 30 Sensex shares, 26 closed in the green.
While most businesses took a hit in 2020 due to the pandemic, some suffered more than others. Movie-exhibition companies, or multiplexes, are a case in point. First, multiplexes had to deal with the prolonged shutdown, as the sector was among the last to be allowed to restart operations. Second, after opening up, occupancy levels haven’t picked up, which is also partly due to unexciting movie releases.
While most businesses took a hit in 2020 due to the pandemic, some suffered more than others. Movie-exhibition companies, or multiplexes, are a case in point. First, multiplexes had to deal with the prolonged shutdown, as the sector was among the last to be allowed to restart operations. Second, after opening up, occupancy levels haven’t picked up, which is also partly due to unexciting movie releases.