Nifty hit record high as lenders jump

  • Reuters
  • Stock Market News
Nifty hit record high as lenders jump
Credit: © Reuters.

BENGALURU, Dec 29 (Reuters) - Indian shares hit another record high on Tuesday, extending their rally backed by foreign inflows, with private-sector lenders gaining the most due to an improving economic outlook.

The NSE Nifty 50 index .NSEI was up 0.57% at 13,953.10 by 0354 GMT, while the S&P BSE Sensex .BSESN was 0.6% higher at 47,644.29. Both indexes hit record highs.

Lenders HDFC Bank Ltd HDBK.NS and ICICI Bank Ltd ICBK.NS were the top boosts to the Nifty.

In encouraging news on the COVID-19 vaccine front, Indian vaccine maker Serum Institute said it expected the British and Indian governments to approve the Oxford/AstraZeneca AZN.L shot for emergency use within a few days. that a U.S. pandemic relief package would be expanded were aiding investor sentiment globally, boosting broader Asian shares. MKTS/GLOB

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