Nifty, Sensex rise on vaccine optimism; Reliance gains

  • by Johnnie Parks
  • in Money
  • — Nov 25, 2020
Share:

Equity benchmarks made a winning start to the week on Monday as positive results from another COVID-19 vaccine candidate bolstered investor confidence globally. Yesterday, Sensex closed 194 points higher at 44,077 and Nifty gained by 67 points to 12,926.

The Nifty of national stock exchange too rose by 128.70 pts at 13,055.15.

On the other hand, HDFC, ICICI Bank, Axis Bank, SBI and M&M were among the main laggards, slumping up to 3.55 per cent.

More news: AstraZeneca Says COVID-19 Vaccine 70% Effective

Meanwhile European markets were trading in the green on vaccine optimism while the USA stock futures at the time of writing this copy pointed to a strong start with Dow stock futures most upbeat with gains of 0.73 percent.

Domestic share markets rose on Monday as hopes for imminent coronavirus vaccines helped boost global investor sentiment, while Reliance Industries led gains domestically after winning regulatory approval for a $3.4-billion deal.

IndusInd Bank climbed 4.8% and IDFC First Bank jumped 9.7% after a central bank committee recommended wide-ranging changes to India's banking industry, including setting a higher cap for the size of promoters' stakes. Nifty is poised to cross psychological 13,000 mark shortly. The broader markets outperformed the headline indices.

More news: India plans immediate production of Oxford vaccine to combat Covid-19

All sectoral indices settled higher today, with Nifty Bank registering the most gains (+2.44 percent) followed by Nifty Auto (+1.70 percent) and Nifty Realty (+1.62 percent).

Stock exchanges in Europe were also trading on a positive note.

Meanwhile, Brent crude futures, the global oil benchmark, were trading 0.85% higher at $46.45 per barrel.

More news: Rhode Island nursing home group calls for more coronavirus testing

On the currency front, the Indian rupee appreciated by 10 paise to close at 74.01 per United States dollar.

Share:

IN CASE YOU MISSED IT

RELATED NEWS

Red Dead Online Will Be A Standalone Game
Plus, throughout this week, fans can enjoy double XP when taking on any Bounty Hunter mission in Red Dead Online . Such a purchase grants access to all of Red Dead Online's offerings, including past and future content updates.
11/25/2020

Malaysia virus outbreak delays production at world’s top glove maker
It employs a total of 21,000 workers in its 41 factories in Malaysia and six others in Thailand, Vietnam and China. The company has seen a huge surge in demand for its personal protective gear since the start of the pandemic.
11/25/2020

Solskjaer calls on Man United to respond to ‘blow’ of Basaksehir defeat
Cavani had scored once in six substitute appearances for United, netting in their Premier League win at Everton on November 7. However, a 2-1 defeat in Turkey three weeks ago has put the pressure back on when Basaksehir travel to Old Trafford today.
11/25/2020

Netflix Removes Chappelle's Show After Dave Chappelle Asks Them To Pull It
He said that what he was doing, "publicly flogging" a network, is not something people in his business are supposed to do. Chappelle has had a relationship with Netflix for the last several years, releasing standup specials through the service.
11/25/2020

Trevor Noah Will Host The 2021 GRAMMY Awards
We listen to all the music - even an album, you're listening to nearly the whole album, it takes I don't know how many hours. Please don't mistake this as me being ungrateful, these are just my thoughts take them or leave them.
11/25/2020

People With COVID-19 Antibodies Are Protected for at Least 6 Months
He explained after following individuals for six months that the researchers were excited to talk about their outcomes. The report claims to be the first significant look at how coronavirus resistance functions.
11/25/2020

More meteors in the skies
It is also best to dress properly and comfortably since they may have to wait for quite a while to view the show. In addition to an ongoing meteor shower, the year's last supermoon is out and will be seen at its best Thursday.
11/25/2020

Google Assistant can finally schedule your lights
You can also have your Google Assistant only turn the lights on for a certain amount of time - say, ten minutes. For example, you can say, "Hey Google , turn on my coffee maker at 8 AM tomorrow".
11/25/2020

Queensland Is Reopening Its Borders to All of NSW From December 1
Health officials said on Tuesday they were concerned about recent low testing numbers and anyone with symptoms should get tested. But on Tuesday she lifted the ban, saying: "So can I say to New South Wales, we welcome you to Queensland from December 1".
11/24/2020

Second Day of G20 Leaders' Virtual Summit
Badawi was sentenced in 2012 to 10 years in jail, 1,000 lashes and a hefty fine for writings critical of Saudi Arabian clerics. Now, more than ever, our global success depends on attaining a better path towards peace, prosperity, and sustainability.
11/24/2020

Stocks rise on still more good vaccine news
Unlike rival candidates, AstraZeneca's doesn't have to be stored at ultra-cold temperatures, making it easier to distribute. Last week, Pfizer and Moderna both reported study results showing their vaccines were nearly 95% effective.
11/24/2020

U.S. election: Russian President, Putin reveals who he will work with
Among them is Katerina Tikhonova, Putin's 34-year-old daughter, who is now leading an artificial intelligence program. The bill forms part of a number of amendments to the Russian constitution that were agreed upon in July this year.
11/24/2020

China launches mission to bring back material from moon
The orbiter and re-entry capsule will remain in orbit while the lander and ascender will descend to the Moon's surface. The landing is due to take place in about eight days, according to Pei Zhaoyu, a spokesman for the mission .
11/24/2020

Russia Says Its Sputnik V Coronavirus Vaccine 95% Effective
The state government had also proposed setting up three new regional vaccine stores - Bengaluru Urban, Shivamogga and Bellary, he added.
11/24/2020

Poco M3 key specifications, design revealed officially ahead of launch
The phone comes in three colour options of Cool Blue, Poco Yellow, and Power Black and its sale will start on November 27. Poco M3 128GB variant can be yours at the effective price of €149 after availing Coupon discount from the Mi World Store.
11/24/2020