S&P BSE Sensex NSE Nifty 50 COVID-19 Sensex Ends 288 Points Higher Led By Financial, Pharma SharesPage Visited: 14
Domestic equity markets climbed up on Tuesday amid gains in financial, pharmaceutical and infrastructure stocks, a day after official data showed consumer inflation in the country eased slightly. Benchmark indices S&P BSE Sensex and NSE Nifty 50 climbed up 0.83 per cent each to 39,079.30 and 11,534.55 during the session respectively. The Sensex ended 287.72 points – or 0.74 per cent – higher at 39,044.35, and the Nifty settled at 11,531.75, up 91.70 points – or 0.80 per cent – from its previous close.
After market hours on Monday, data from the statistics ministry showed consumer inflation came in at 6.69 per cent in August, lower than economists’ estimate, though remaining above the RBI’s medium-term target range for a fifth straight month. The latest data supported views the RBI does not have enough room to ease its monetary policy further at its next scheduled meeting, in October.
Equities elsewhere in Asia moved higher on positive industrial data from China and optimism around COVID-19 vaccines. Investors keenly awaited the outcome of the US central bank’s two-day policy meeting that starts later in the day.