India stocks record-high gains – GulfToday

India stocks record-high gains – GulfToday

Picture used for illustrative purpose. File



Gulf Today Report 

Indian stocks rose on Thursday after the Joe Biden inauguration as the 46th US President and hope for economic recovery due to vaccine roll-out.

The Bombay Stock Exchange's Sensex index rose 0.5 per cent passing the 50,000 marks.

Mumbai's main Sensex index was up 344 points or 0.69 per cent at 50,137 points at 1130 am (0600 GMT). The Nifty 50 was up 93 points or 0.64 per cent at 14,738 points.

India is the second-most coronavirus infected country in the world. The third-largest economy has been struggling to revive demand. 

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Although India recorded a technical recession for the first time since independence, experts are hopeful for an economic recovery due to the vaccination