Nifty, Sensex Gain Amid COVID-19 Vaccine Hopes; Reliance Industries Leads Pack

Bengaluru:

Domestic share markets rose on Monday as hopes for imminent coronavirus vaccines helped boost global investor sentiment, while Reliance Industries led gains domestically after winning regulatory approval for a $3.4-billion deal.

The NSE Nifty 50 index was up 0.49 per cent at 12,929.15 by 9:30 am. The S&P BSE Sensex climbed 0.51 per cent to 44,105.39.

The first COVID-19 vaccines could be given to US healthcare workers and others recommended by mid-December, a top health official said on Sunday, helping Asian stock markets trade higher on Monday. 

Reliance Industries advanced 3 per cent after the country’s fair trade regulator approved its deal to buy Future Group’s retail assets.