Sensex Ends 437 Points Higher; IT & Smallcap Stocks Outperform

Indian share markets extended gains as the session progressed and ended on a strong note.

Benchmark inched edged higher as a sharp rally in IT stocks helped overshadow weak global investor sentiment stemming from the rapid spread of a new strain of the coronavirus in the United Kingdom.

Sentiment also improved after reports suggested that India is likely to approve Oxford/AstraZeneca's coronavirus vaccine for emergency use by next week.

At the closing bell, the BSE Sensex stood higher by 437 points (up 0.95%).

The NSE Nifty closed higher by 135 points (up 1%).

HUL and Infosys were among the top gainers today.

The SGX Nifty was trading at 13,620, up by 134 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 2.4% and 2.7%, respectively.

All sectoral indices ended in green. Gains were largely seen in the IT sector, FMCG sector and realty sector.

Asian share markets ended higher as investors bet the healthcare sector would continue to benefit from a prolonged battle with the coronavirus, while technology shares rose on signs that Apple was eying an entry into electric cars.

As of the most recent closing prices, the Hang Seng ended up by 0.9% and the Shanghai Composite stood higher by 0.8%. The Nikkei ended up by 0.3%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 22 points (up 0.2%), while Dow Futures are trading up by 79 points (up 0.2%).

The rupee is trading at 73.72 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 50,051 per 10 grams.

Speaking of stock markets, in his latest video, India's #1 trader Vijay Bhambwani shares the reason behind the recent rally in silver prices and how you can profit from this opportunity.

Also, speaking of stock markets, note that since the lows in March 2020, the smallcap index has gained more than 80%.

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