AstraZeneca – MARKET LIVE: Sensex hits 48,000 for the first time, Nifty near 14,100
LIVE market live updates: The Indian markets made a firm start on Monday, recording their fresh new high, after the Indian drug regulator DGCI gave its approval to Covid vaccines produced by AstraZeneca and Bharat Biotech for emergency use in the country.
Among the headlne indices, the S&P BSE Sensex shot up 230 points and was trading above the level of 48,000 for the first time ever. The broader Nifty50 index also hovered around 14,100 zone. ONGC, TCS, State Bank of India, Infosys, and IndusInd Bank (up 1% each) were the top Sensex gainers. On the other hand, Reliance Industries was trading with marginal cuts after Sebi imposed penalties on the conglomerate for alleged manipulative trading in the shares of erstwhile Reliance Petroleum, back in November 2007.
All the Nifty sectoral indices, except Nifty Realty index, were trading in the green, led by Nifty Metal index, up 1.6 per cent.
In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.8 per cent up, each.