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HomeSensex soars past 48k, Nifty ends at 14,133; metal, IT stocks shine

Sensex soars past 48k, Nifty ends at 14,133; metal, IT stocks shine

Indian benchmark share indices settled at all time highs on Monday as investor sentiment was upbeat after the country gave emergency use approvals to two coronavirus vaccines over the weekend.

The S&P BSE Sensex advanced for a ninth day, closing 0.64% or 307.82 points higher at 48,176.80. The NSE Nifty 50 Index climbed 114.40 points or 0.82% to close at 14,132.90.

ONGC, closing over 4% higher was the top Sensex gainer, followed by TCS, HCL Tech, TechM and Infosys. Kotak Bank, Bajaj Finance, Asian Paints and Titan were among the laggards.Asian stock markets rose Monday on 2021’s first trading day, boosted by optimism about the rollout of coronavirus vaccines after Wall Street ended the year on a new high.

Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Tokyo declined.

The Shanghai Composite Index gained 0.3% to 3,481.98 and the Hang Seng in Hong Kong gained 0.3% to 27,308.63.

The Nikkei 225 in Tokyo was off 0.4% at 27,344.87 after Prime Minister Yoshihide Suga announced the government is considering declaring a state of emergency for Tokyo and three surrounding prefectures due to surging virus caseloads.

The Kospi in Seoul rose 2% to 2,930.38 and Sydney’s S&P-ASX 200 added 0.2% to 6,661.10. Singapore and Jakarta also advanced.

SourceLivemint
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