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.