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Benchmark indices rise on PMI, breakthrough in coronavirus vaccine

Sensex rallies 1,407 pts in three sessions amid breakthrough on Coronavirus front

Markets, Investors, Indices, Stocks
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Sundar Sethuraman Mumbai
The benchmark indices rose on Wednesday mirroring gains in the global markets after news of a breakthrough in coronavirus vaccine and optimism over positive economic data at home.

The benchmark Sensex closed at 41,143, up 0.9 per cent, or 353 points, extending its three-day rally to 1,407 points, or 3.5 per cent. The Nifty50 index rose 110 points, or 0.94 per cent, to close at 12,089.

Most equity markets rallied by over a per cent on hopes that the impact of the coronavirus on the global economy won’t be as severe as anticipated. Moreover, news reports suggested scientist in the UK made