Sensex Hovers At 52,000, Up Over 400 Points, Nifty Above 15,250

 

Sensex Hovers At 52,000, Up Over 400 Points, Nifty Above 15,250

Successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery

The domestic stock markets have opened in the green, after a lacklustre closing on Friday, on the back of positive cues from the global front. At 9:20 am, the BSE Sensex was trading at 52,000, higher by 455.35 points or 0.87 per cent and the NSE Nifty was at 15,283.55, up 112.50 points or 0.80 per cent.

Asian shares advanced to record highs on Monday and oil rose to a more than one year peak as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington.

Japan’s Nikkei climbed 1.3 per cent, despite data showing the country’s recovery from its worst postwar recession slowed in the fourth quarter. Australia’s benchmark index was up 1 per cent.

The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover.

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