Domestic markets continued their rally on Wednesday amid hopes of Covid vaccine, stimulus packages in India and developed nations, and faster rebound of the economy. The Sensex crossed the 46,000-mark and soared another 495 points to a record high of 46,103.50 and the NSE Nifty Index gained 136 points at 13,529.10 on all-round buying support.
The broader indices, too, showed decent traction and gained in the range of 0.4-0.5 per cent. Among the sectoral indices, banking and energy were among the top contributors. The Sensex has now gained over 5,000 points since November 1 this year.
The rupee strengthened by another 3 paise to mark its seven-week high of 73.57 against the US dollar on Wednesday.
Meanwhile, positive updates on the vaccine development have recently lifted Wall Street’s main indices to all-time highs, with the S&P 500 surpassing 3,700 points for the first time on Tuesday.
By 11:32 a.m. ET, the Dow Jones Industrial Average was down 72.68 points, or 0.24 per cent, at 30,101.20 and the S&P 500 eased off its record high to trade 0.20 per cent down at 3,694.77.
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