MARKETS UP 1% AS VACCINE HOPES BOOST SENTIMENT

MUMBAI: The excitement over the possibility of a covid-19 vaccine wore off at the end of the day’s trade on Tuesday with benchmark indices closing nearly 1% higher, after rallying 2.34% during the day. However, the increasing number of covid-19 cases in India kept investors wary. The BSE Sensex ended 0.56% up at 30,196.17, while the 50-share index Nifty was at 8,879.10, up 0.63%. Stock markets in other Asian regions were also up after Moderna reported ‘positive’ early trials for a covid-19 vaccine.