{"id":7172,"date":"2021-02-03T11:27:16","date_gmt":"2021-02-03T11:27:16","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/03\/sensex-nifty-hit-record-closing-highs\/"},"modified":"2021-02-03T11:27:16","modified_gmt":"2021-02-03T11:27:16","slug":"sensex-nifty-hit-record-closing-highs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/03\/sensex-nifty-hit-record-closing-highs\/","title":{"rendered":"Sensex, Nifty Hit Record Closing Highs"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares extended their historic Budget day rally into Wednesday, with key benchmark indexes hitting fresh record closing highs, led by healthcare and financial stocks. <\/p>\n<p>The benchmark S&amp;P BSE Sensex ended a choppy session up by 458.03 points, or 0.92 percent, at 50,255.75 on the back of positive earnings updates and economic recovery hopes after the government presented a pragmatic, bold and visionary budget. <\/p>\n<p>India&#8217;s service sector expansion accelerated slightly in January as some establishments were reopened and demand strengthened, survey results from IHS Markit showed earlier today. <\/p>\n<p>Global cues were also quite favorable amid expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large economies. <\/p>\n<p>The broader NSE Nifty index ended up 142.10 points, or 0.97 percent, at 14,789.95. <\/p>\n<p>Coal India, Divis Laboratories, Power Grid Corp and IndusInd Bank surged 4-7 percent in the Nifty pack, while Grasim, Maruti Suzuki, UltraTech, UPL and Shree Cement fell between 0.8 percent and 1.6 percent.<\/p>\n<p>Dr Reddy&#8217;s Laboratories jumped 4 percent after Sputnik V, which has already been rolled out in Russia and several other countries, was found to be 91.6 percent effective against symptomatic Covid-19 cases in trial results published by The Lancet, a leading medical journal. <\/p>\n<p>In September 2020, Dr Reddy&#8217;s had collaborated with the Russian Direct Investment Fund (RDIF) to conduct the clinical trials of the Sputnik V vaccine and for its distribution rights in India. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Hit Record Closing Highs<\/a><br \/>\n<br \/>2021-02-03 11:27:16<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares extended their historic Budget day rally into Wednesday, with key benchmark indexes hitting fresh record closing highs, led by healthcare and financial stocks. The benchmark S&amp;P BSE Sensex&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-7172","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7172"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7173"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}