Sensex, Nifty rebound as govt expands vaccination efforts

The NSE Nifty 50 index rose 1.1% to 14,511.35 by 0355 GMT, while the S&P BSE Sensex climbed 1% to 48,426.06.

Indian shares rebounded from a virus-led slump to open higher on Tuesday, as auto and state-owned bank stocks jumped, and as the government ramped up vaccinations to counter a stubborn surge in COVID-19 cases. The NSE Nifty 50 index rose 1.1% to 14,511.35 by 0355 GMT, while the S&P BSE Sensex climbed 1% to 48,426.06. The Indian government said on Monday it would let all citizens over the age of 18 have COVID-19 vaccinations from May 1 and would waive customs duty on vaccine imports as the country's healthcare system struggles with a surge in infections.