Indian shares hit record highs on vaccine cheer; Pfizer Ltd and Bajaj Finance zooms

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New Delhi, Agencies. The Indian stock market touched a new high on Tuesday. The senses and the Nifty saw strong bounce. The BSE Sensex created a new history by reaching 43118.11 points, while the NSE Nifty also reached 12,598.35 in early trade. According to a Reuters report, hopes of a corona virus vaccine have strengthened hopes of a global economic recovery. It also saw a spurt in airline and hotel stocks.

At the time of writing the news, the Sensex was trading at 43,056.53 with a gain of 459.10 points. At the same time, the NSE Nifty was seen trading at 12,587.90 with an increase of 126.85 points. Pfizer Ltd shares gained up to 19.8 per cent during trading on the news of the Corona virus vaccine. However, Pfizer Ltd shares were trading at a level of 354.70, up 7.20 per cent on the NSE at the time of writing the news.

The Reuters report quoted Esquire Capital Investment Advisors CEO Samrat Dasgupta as saying that the news of the vaccine was a big relief for markets and investors. They hope that economic recovery will begin soon. He has said that the next six months will be important because we will see significant changes in the vaccine.

The companies which saw the fastest rise in the Nifty 50 include Bajaj Finance (7.03 percent), IndusInd Bank (5.47 percent), Bajaj Finserv (5.44 percent), SBI (4.67 percent) and L&T (4.46 percent). At the same time, shares of Tech Mahindra, Cipla, Infosys, HCL Technology and Nestle India saw a decline.

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