NEW DELHI: Stock indices opened higher on Monday and the benchmark BSE sensex passed the 48,000 mark for the first time, after the government approved the emergency use of two coronavirus vaccines, boosting confidence among investors. investors.
The 30-share BSE index climbed to an intraday high of 48,168 in early trading; while the broader NSE Nifty was trading near 14,100.
The top winners in the sensex package were ONGC, TCS, SBI, Infosys, IndusInd Bank and Hindustan Unilever, with their shares up 1.56 percent.
Whereas Reliance and Asian Paints were the only stocks trading in the red.
Last week, both sensex and Nifty hit record highs on a daily basis, driven by positive global trends and news about the launch of coronavirus vaccination.
The Controller General of Drugs of India (DCGI) approved two coronavirus vaccines for emergency use on Sunday, one developed by AstraZeneca and the University of Oxford and the other by local company Bharat Biotech.
The country, which has the second highest number of coronavirus infections in the world, is expected to begin a massive immunization program in about a week.
“Among key events, earnings season kicks off this week with TI’s top TCS results scheduled for January 8. On the economic front, participants will be keeping an eye on PMI manufacturing and service data. The overwhelming entry of foreign funds is helping the markets to rise, “Ajit Mishra, Research Vice President at Religare Broking Ltd, told the PTI news agency.
Meanwhile, foreign portfolio investors (FPIs) remained net buyers for the third month in a row by investing Rs 68.558 crore in the markets. For the equities segment, this is the largest amount of money invested since NSDL made the FPI data available.
According to the data, foreign investors put a net worth of Rs 62,016 crore in equity and Rs 6,542 crore in debt in December 2020.
(With contributions from the agency)
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