Hopes of more vaccine approvals send Sensex rebounding after its worst day in 6 weeks
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Benchmark indices Sensex and Nifty partially recovered sharp losses in the previous session.
The S&P BSE Sensex index surged 744.05 points or 1.55% to touch 48,627.43 at the strongest level of the day.
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NEW DELHI: As soon as stock market bulls got a whiff of likely more vaccine approvals in the coming days that would reduce the possibility of lockdowns, benchmark indices surged on Tuesday, partly recovering sharp losses in the previous session.
The market saw a partial reversal of speculative unwinding witnessed on Monday. Bulls again took charge in afternoon deals as the ongoing battle between the coronavirus and vaccine tilted in favour of the latter with approval of the third vaccine, with hopes of many more to come.