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Sensex, Nifty50 at record highs, investor optimism sets aside pandemic fears

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₹2,056. Only two stocks in the Nifty50-- Tata Consultancy Services and ITC -- were in the red. For every stock thatfell on the NSE, almost three rose.

Rising optimism over a swift economic turnaround, heavy infusion of liquidity by leading central banks of the world to stimulate recovery and the conclusion of the US Presidential elections are all helping investor sentiment.

Recent farm and labour reforms in India are also helping the sentiment. Asian markets started strong on Monday while the dollar extended its downward trend as risk assets got a boost on expectations of fewer regulatory changes and more monetary stimulus under US president-elect Joe Biden.

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