Sensex Zooms 661 Points, Nifty Ends Above 14,500; M&M And Bajaj Finserv Top Gainers

Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.

Benchmark indices extended gains in late afternoon deals after the Indian government fast-tracked emergency approvals for foreign-produced COVID-19 vaccines.

At the closing bell, the BSE Sensex stood higher by 661 points (up 1.4%).

Meanwhile, the NSE Nifty closed up by 194 points (up 1.4%).

M&M and Bajaj Finserv were among the top gainers today.

TCS and Dr Reddy's Lab, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,553, up by 210 points, at the time of writing.

The BSE Mid Cap index and the BSE Small Cap index ended up by 1.5% and 1.2%, respectively.

On the sectoral front, gains were largely seen in the automobile sector, banking sector, and metal sector.

IT stocks and healthcare stocks, on the other hand, witnessed selling pressure.

Shares of Sobha and Laurus Labs hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today. The Hang Seng ended up by 0.3% while the Shanghai Composite stood lower by 0.5%. The Nikkei stood higher by 0.7%.

US stock futures are trading marginally higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 40 points (up 0.1%).

The rupee is trading at 75.35 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.3% today at Rs 46,525 per 10 grams.

Bitcoin hit a record of US$ 62,741 today, extending its 2021 rally to new heights a day ahead of Coinbase's initial public offering (IPO).

Speaking of the current stock market scenario, note that rising COVID-19 infections and fears of another lockdown spooked investors on Monday which dragged the benchmark indices lower by 3.5%.

In news from the finance sector, shares of Muthoot Finance gained 4% intraday today after the company's board of directors approved payment of an interim dividend of Rs 20 per equity share.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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