Sensex, Nifty End At Record High On US Stimulus Cheer; Realty & Banking Stocks Rally

Indian share markets scaled fresh peaks today amid positive global cues after US President Donald Trump signed into law a US$ 2.3 trillion pandemic aid and spending package.

Moreover, the United Kingdom's historic trade deal with the European Union also aided investor sentiment.

At the closing bell, the BSE Sensex stood higher by 380 points (up 0.8%).

The NSE Nifty closed higher by 124 points (up 0.9%).

Titan and SBI were among the top gainers today.

The SGX Nifty was trading at 13,956, up by 195 points, at the time of writing.

The BSE Mid Cap index and the BSE Small-Cap index ended up by 0.8% and 1.5%, respectively.

All sectoral indices ended in green. Gains were largely seen in the realty sector and banking sector.

Asian share markets ended higher with Japanese shares rising to the highest in nearly three decades as investors continued to bet that US fiscal stimulus and coronavirus vaccinations will quicken the global economic recovery.

As of the most recent closing prices, the Hang Seng ended down by 0.3% and the Shanghai Composite stood higher by 0.1%. The Nikkei ended up by 0.7%.

US stock futures are trading higher today indicating a positive opening for Wall Street indices. Nasdaq Futures are trading up by 72 points (up 0.6%), while Dow Futures are trading up by 141 points (up 0.5%).

The rupee is trading at 73.45 against the US$.

Gold prices are trading up by 0.3% at Rs 50,230 per 10 grams.

Global gold rates jumped 1% today as the metal's appeal as an inflation hedge was boosted by news that US President Donald Trump had signed a long-awaited coronavirus relief aid bill.

Tracking firm international prices, domestic gold prices surged today. On MCX, February gold futures rose by 1% to Rs 50,580 per 10 grams.

Speaking of gold, Ajit Dayal, founder of the Quantum Group, shares his views on gold in the latest episode of Investor Hour Podcast.

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