Benchmarks add gains in late afternoon session
India, Jan. 12 -- Key benchmark indices added some more points on the street in late afternoon session, with the Sensex and Nifty trading above 49500 and 14525 levels, respectively. Sentiment on the street improved with report that Bharat Biotech inked a purchase agreement with the Government of India on January 11 to provide 55 lakh doses of COVID-19 vaccine Covaxin at Rs 295 per dose. The Indian pharma firm will be providing its coronavirus vaccine directly to 12 states, and the process will be completed in two days by January 14. Local investors also cheered after ICRA projected that India's GDP will record a double-digit expansion of 10.1 percent in the upcoming fiscal year. It also expects the monetary policy to be changed to neutral f...
To read the full article or to get the complete feed from this publication, please Contact Us