New Delhi: The equity benchmark index Sensex seems to be on Cloud 9 as there has been no holding back on its upward surge. Sensex, on Monday, tested 48,000 mark amid positive development on the vaccination front.
The approval of Covid vaccines Covishield and Covaxin for emergency use in the country by Drug Controller General of India (DGCI) has lifted the investor sentiment.
At the closing bell, the BSE S&P Sensex was up by 308 points or 0.64% at 48,177 while Nifty 50 edged higher by 114 points or 0.82% to 14,133.
All sectoral indices at the National Stock Exchange were in the green zone with Nifty metal jumping by 5.3 per cent, IT by 2.7 per cent, auto by 1.6 per cent and PSU bank by 1.1 per cent.
Metal stocks were stars of the day with Tata Steel gaining by 8.3 per cent to Rs 696.90 per share while Hindalco and JSW Steel up by 7 per cent and 3.5 per cent respectively.
IT stock, too, advanced with Tata Consultancy Services moving up by 3.9 per cent and HCL Technologies by 2.9 per cent. The others, which gained were Eicher Motors, ONGC, GAIL, Bharat Petroleum Corporation and Grasim.
Meanwhile, Asian share markets resumed their ascent as investors pinned their hope on vaccines to eventually help revive the global economy.
Japan’s Nikkei shed early gains to fall 0.4 per cent after its PM confirmed govt was considering emergency for Tokyo and three surrounding prefectures.
