Sensex, Nifty bounce back as investors look beyond Covid surge

The NSE Nifty 50 index rose 0.77% to 14,406.15 at close, while the S&P BSE Sensex gained 0.79% to end at 48,080.67.

Indian shares bounced back from a near three-month low to end higher on Thursday as investors looked beyond a massive surge in COVID-19 infections to progress on vaccinations, with metals and bank stocks leading the gains. The NSE Nifty 50 index rose 0.77% to 14,406.15 at close, while the S&P BSE Sensex gained 0.79% to end at 48,080.67. "There is a strong buying sentiment in the market ... (investors) may be looking beyond the rising cases and restrictions, as other countries vaccinate and open up," said AK Prabhakar, head of research at IDBI bank.