Sensex recaptures 50,000-level; Nifty above 15,000

At the closing bell, the 30-share BSE index was quoted 612.60 factors or 1.24% larger at 50,193.33. Similarly, the broader NSE Nifty went previous the psychological 15,000-level, and closed 184.95 factors or 1.24% larger at 15,108.10.

M&M was the highest gainer within the Sensex pack, rallying practically 6%, adopted by Bajaj Auto, Titan, Bajaj Finance, HDFC Bank and PowerGrid. Bharti Airtel, ITC, Dr Reddy’s and SBI had been the laggards. “Domestic equities extended gains as early sign of decline in COVID-19 daily caseload and improving prospects of faster economic recovery emboldened investors,” stated Binod Modi, Head Strategy at Reliance Securities.

Strong cues from Asian markets additionally supported the rally, he added. Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a optimistic be aware. Stock exchanges in Europe had been additionally buying and selling with positive aspects in mid-session offers. Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.82% larger at $70.03 per barrel.