There is tension among investors in the country over the approval of emergency use of corona vaccines. Its direct effect has been seen in the stock market. Today, the BSE Sensex rose 307.82 points to 48,176.80. At the same time, the Nifty closed at a record level of 14,144.
On Monday, the Sensex index rose above 300 points on gains in key stocks like ITC, Infosys and ICICI Bank. The Sensex, a sensitive index of 30 stocks on the BSE, peaked at 48,168.22 in the beginning of the trading session. It gained 272.73 points, or 0.57 per cent, to 48,141.71. The NSE Nifty rose 90.90 points, or 0.65 per cent, to a record high of 14,109.40.
The stock market was closed at the green mark last Friday
On Friday, the Sensex rose 117.65 points, or 0.25 percent, to a new all-time high of 47,868.98. The Nifty also closed at an all-time high of 14,018.50. Foreign portfolio investors (FPIs) were net buyers in the capital market. According to preliminary data, he bought shares worth Rs 506.21 crore on a net basis on Friday.
Vinod Modi, strategy chief at Reliance Securities, said domestic stock markets were looking strong. Important economic data such as Goods and Services Tax (GST) collection, electricity demand and railways will continue to strengthen the market in December 2020. Approval for emergency use of two Covid-19 vaccines
Expectations for early vaccination have been strengthened. It is also positive for the market and the economy.
Asian markets were more or less at the time of trading. Led by Shanghai Composite of China, Kospi of South Korea and Hang Seng of Hong Kong. However, Japan’s Nikkei fell. Brent crude futures, the global benchmark for crude oil, rose 0.98 percent to 52 52.31 a barrel.