Sensex, Nifty hit record highs on vaccine hopes

The key Indian equity indices hit fresh record highs on Tuesday tracking a positive global trend after pharma giant Moderna announced that its vaccine has shown more than 94 per cent effectiveness in preliminary data from the company’s ongoing study.

Moderna on Monday said that its experimental vaccine is 94.5 per cent effective in preventing Covid-19, boosting hopes of the economy emerging from a year of pandemic-induced downturn.

Sensex crossed the 44,000 mark and touched a record high of 44,161.16 points.

Around 9.45 a.m., it was trading at 43,921.55, higher by 313.78 points or 0.65 per cent from its previous close of 43,637.98.

Nifty50 was trading at 12,855.75, higher by 75.50 points or 0.59 per cent from its previous close.

Read More: https://www.bhaskarlive.in/sensex-nifty-hit-record-highs-on-vaccine-hopes-ld/