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MARKETS: Indices end at record closing peaks; Nifty settles above 13,000

All that happened in the markets today

Topics
Markets | AstraZeneca | Coronavirus Vaccine

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Continuing their gaining streak, the benchmark indices ended 1 per cent higher on Tuesday amid across-the-board buying. 

The S&P BSE Sensex rallied 446 points, or 1 per cent to settle at a fresh closing high of 44,523 levels. During the day, the index hit a high of 44,601.63 levels. On similar lines, NSE's Nifty breached the psychological level of 13,000 to settle at 13,055, up 129 points, or 1 per cent. 

Volatility index, India VIX, gained over a per cent to 21.05 levels.

HDFC Bank, ICICI Bank, Axis Bank, and Reliance Industries (RIL) were the major contributors to the Sensex's gain today. Axis Bank (up 4 per cent) was the biggest gainer on the index while HDFC (down nearly 1.5 per cent) was the top loser. 

In the broader market, the S&P BSE MidCap index ended 0.58 per cent higher at 16,739 levels while the S&P BSE SmallCap index gained 0.89 per cent to 16,550 points.

On the NSE, all the sectoral indices ended in the green. Nifty Bank surged 713 points, or 2.46 per cent to 29,737 levels. 

Global markets

Stocks gained on Tuesday as the formal go-ahead for US President-elect Joe Biden to begin his transition added to an already brighter mood from progress made on Covid-19 vaccines and the prospects for a speedy global economic revival.

European appeared set to extend optimism in Asian and US equities, with Euro Stoxx 50 futures and FTSE futures up 0.52 per cent and 0.42 per cent, respectively.

China stocks, however, closed lower as investors booked profits following recent strong gains.

In commodities, Brent crude prices hit their highest levels since March while gold hit a four-month low as investors deserted the safe-haven metal on hopes for the vaccine. 

(With inputs from Reuters)

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