Indian shares advance as authorities approve COVID-19 vaccine
- 04 Jan 2021
Gulf Today Report
Kicking off the first trading week of the new year, Indian shares jumped on Monday as investors’ confidence boost following the approval of two coronavirus vaccine.
The blue-chip NSE Nifty 50 index rose 0.48% to 14,085.45 and the benchmark S&P BSE Sensex rose 0.40% to 48,058.70.
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Indian has the second-highest number of coronavirus infections globally. It approved the emergency use of AstraZeneca/Oxford University vaccine and another by local company Bharat Biotech.
Gaurav Garg, head of research at CapitalVia Global Research in Indore said, “more details (on India's vaccination plans) is coming out...it might take only 6-10 months for everybody to get vaccines.”