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COVID Vaccine Cheer Propels Indian Bourses, Sensex Surpasses 43,000 Points for the First Time

© AFP 2021 / PUNIT PARANJPEA live ticker shows 30 share index (Sensex) on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2018.
A live ticker shows 30 share index (Sensex) on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2018.  - Sputnik International
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Indian bourses have been in a bullish mood for the last two days. On Monday, one of the nation's key benchmark indexes breached the pre-COVID peak backed by projections of Democratic candidate Joe Biden becoming the 46th president of the US.  

Indian bourses scaled new heights a day after pharmaceutical company Pfizer announced that its coronavirus vaccine is more than 90 percent effective in preventing COVID-19.

The Bombay Stock Exchange's 30 share benchmark index, Sensex, gained 443 points in early trading on Tuesday to trade at 43,041.18. Similarly, the 50-share index of the National Stock Exchange, Nifty too gained 109 points to trade at 12,570.

Pfizer Ltd.'s stocks zoomed more than 5 percent on the NSE.

Tourism, hospitality, and aviation stocks, hammered badly by the COVID-19 pandemic, were up in opening trading on Indian bourses at the news of a new vaccine.

Stocks of aviation company, IndiGo, shot up 5.3 percent. Stocks from hotel companies EIH Ltd. and Lemon Tree also gained 5 percent in trading.  

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