Sensex, Nifty rise on downward trend in Covid cases

The blue-chip NSE Nifty 50 index rose 0.18% to 15,611.30 by 9:15 am, while the benchmark S&P BSE Sensex climbed 0.19% to 52,026.39. Both the indexes closed 1% higher on Monday, building upon gains posted last week.

Indian shares extended gains on Tuesday, as investors took hope from a downward trend in daily COVID-19 cases while taking cues from a global rally in equities. The blue-chip NSE Nifty 50 index rose 0.18% to 15,611.30 by 9:15 am, while the benchmark S&P BSE Sensex climbed 0.19% to 52,026.39. Both the indexes closed 1% higher on Monday, building upon gains posted last week. "The ongoing bull run in the market has taken even the incorrigible optimists by surprise," said V K Vijayakumar, chief investment strategist at Geojit Financial Services.