Declining Covid trend pushes equities higher; Sensex above 50K
Declining Covid trend pushes equities higher; Sensex above 50K
Last Updated: Tue, May 18th, 2021, 17:00:37hrs
Mumbai: A steady decline in new Covid cases along with accelerated vaccination drive powered the rise of India's benchmark stock indices during the mid-afternoon trade session on Tuesday.
Accordingly, both key indices started on a positive note with a gap up opening and maintained their gains with the Nifty50 of the National Stock Exchange breaching the over 15,100 points-mark and the S& BSE Sensex reclaiming the 50,000-points threshold.
Globally, robust trends were witnessed across Asian stock markets.