Sensex breaches 44,000-mark as vaccine optimism leads markets to new high
The bullish stance by global brokerage firms on Indian markets stems from the robust rally markets have registered since the crash in March. Indian benchmark indices have rallied over 60% from the lows hit in March, while making new record highs this week.
Consistent buying in equities pushed markets to new record high on Tuesday as news of another promising coronavirus vaccine supported hopes of a quicker economic recovery. The Sensex breached 44,000-levels for first time in early trade to hit intraday high of 44,161.16. At 10:48 am, the Sensex was 43,783.70, up 145.72 points or 0.33%. The Nifty advanced 37.75 points or 0.30% at 12,818.00.
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