 "Coronavirus vaccine hopes, EU recovery deal help indices surge")
The benchmark indices on Tuesday rose on hopes of a Covid-19 vaccine and after European Union leaders agreed on €1.8-trillion budget and recovery package.
A positive start to the results season also boosted sentiment. Rallying for the fifth day, the Sensex closed at 37,930, up 511 points, or 1.4 per cent. The Nifty rallied 140 points, or 1.3 per cent, to end at 11,162. Both indices closed at their highest levels since March 5—just before the sharp Covid-19 triggered sell-off. In the past two months, the market has surged more than 25 per cent.
The latest surge was underpinned by news reports suggesting that vaccines against Covid-19 might be ready by the end of the year.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%