The biggest index gainer was telecom. A robust rally in Bharti Airtel Ltd and Vodafone-Idea Ltd shares drove the telecom index over 10%.
Bharti Airtel shares gained over 11% The excitement over the possibility of a covid-19 vaccine wore off at the end of the day’s trade on Tuesday with benchmark indices closing nearly 1% higher, after rallying 2.34% during the day.
However, the increasing number of covid-19 cases in India kept investors wary. The BSE Sensex ended at 30,196.17, up 167.19 points, or 0.56%, while the 50-share index Nifty was at 8,879.10, up 55.85 points, or 0.63%.
Stock markets in other Asian regions were also up after Moderna reported ‘positive’ early trials for a covid-19 vaccine. Stocks in Japan, Hong Kong, China and Korea