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MarketScreener Homepage  >  Indexes  >  World  >  SENSEX 30       XC0009698199


SummaryMost relevantAll NewsOther languagesNews of the index components

Sensex, Nifty close higher as vaccine fuels recovery hopes

11/10/2020 | 05:30am EST
Broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - India's main stock indexes closed higher on Tuesday after scaling new peaks during the session as progress in the development of a coronavirus vaccine raised hopes for a global economic recovery, helping domestic airline and hotels stocks that have been hammered by the pandemic.

The NSE Nifty 50 index rose 1.36% to 12,631.1 and the S&P BSE Sensex ended 1.6% higher at 43,277.65, led by a rally among banking and financial stocks.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1% higher after Pfizer Inc said on Monday its experimental COVID-19 vaccine showed over 90% effectiveness based on initial trial results.

The U.S. drugmaker's Indian arm, Pfizer Ltd, gained as much as 19.8% during the session.

"While there have been previous announcements of a vaccine, a company like Pfizer coming with such a development and with high efficacy is quite positive for markets," said Ajit Mishra, vice-president at Religare Broking.

Shares of IndiGo-owner InterGlobe Aviation rose 8.9%, while those of hotel operators Indian Hotels and Lemon Tree rose 14% and nearly 10%, respectively.

GAIL (India) rose nearly 5% after its September-quarter profit beat estimates and the natural gas explorer approved raising 100 billion Indian rupees ($1.35 billion) through borrowings.

Among other sectors, the Nifty Bank index ended 3.9% higher and the financials index climbed 4.1%. Both indexes recorded gains for a seventh straight session.

Bajaj Finance gained 8.9% to top the gainers among the Nifty. The country's top lender, State Bank of India, rose 5.6% and IndusInd Bank added 7.7%.

Construction-to-software conglomerate Larsen and Toubro rose about 7%.

The Nifty pharma index fell 4.33%, dragged down by losses in drugmaker Cipla, which fell 5.4%.

The Nifty IT index fell 3.9%. Tech Mahindra slid about 5.7%, while Infosys shed 3.8% and HCL Technologies slipped around 5%.

(Reporting by Derek Francis in Bengaluru; Editing by Vinay Dwivedi)

By Derek Francis

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BAJAJ FINANCE LIMITED 0.00%End-of-day quote.0.00%
BANK OF INDIA LIMITED -3.50% 51 End-of-day quote.4.83%
GAIL INDIA LIMITED 0.22% 134.05 Delayed Quote.8.76%
HCL TECHNOLOGIES LIMITED -0.76% 985.8 Delayed Quote.4.19%
INDUSIND BANK LIMITED -3.55% 893.4 End-of-day quote.-0.17%
INFOSYS LIMITED 0.09% 1340.85 Delayed Quote.6.77%
INTERGLOBE AVIATION LIMITED -2.10% 1642.3 Delayed Quote.-4.70%
LARSEN & TOUBRO LIMITED -0.50% 1363.15 End-of-day quote.5.87%
NIFTY 50 -1.50% 14371.9 Delayed Quote.2.79%
NIFTY BANK -3.17% 31167.25 Delayed Quote.-0.31%
NIFTY IT 0.15% 26489.75 Delayed Quote.9.23%
PFIZER INC. 0.19% 36.55 Delayed Quote.-0.71%
PFIZER LIMITED -1.00% 4813.15 End-of-day quote.-5.77%
SENSEX 30 -1.50% 48878.54 Real-time Quote.3.92%
STATE BANK OF INDIA -3.78% 283.7 Delayed Quote.3.18%
TECH MAHINDRA LIMITED -2.37% 980.85 Delayed Quote.0.79%
THE INDIAN HOTELS COMPANY LIMITED 0.78% 122.55 End-of-day quote.2.04%
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Chart SENSEX 30
Duration : Period :
SENSEX 30 Technical Analysis Chart | XC0009698199 | MarketScreener
Technical analysis trends SENSEX 30
Short TermMid-TermLong Term
Top / Flop SENSEX 30
BAJAJ AUTO 4089.5 Delayed Quote.10.43%
HERO MOTOCORP LTD 3374.9 Delayed Quote.3.93%
TATA MOTORS LIMITED 113.55 Delayed Quote.3.04%
HINDUSTAN UNILEVER LIMITED 2409.35 Delayed Quote.1.76%
TATA CONSULTANCY SERVICES 3303.1 Delayed Quote.0.89%
ICICI BANK LIMITED 533.8 Delayed Quote.-3.42%
INDUSLND BANK LIMITED 893.3 Delayed Quote.-3.52%
STATE BANK OF INDIA 283.7 Delayed Quote.-3.78%
ASIAN PAINTS 2596.65 Delayed Quote.-4.41%
AXIS BANK 644.5 Delayed Quote.-4.64%
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