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After trading in a range for the most part of the session, the domestic stock market witnessed a sharp upside in the last hour of the trade. At the close, the S&P BSE Sensex stood at 38,050.78 levels, up 173 points or 0.46 per cent while NSE’s Nifty added 69 points or 0.61 per cent to end at 11,247. Volatility index, India VIX, declined 1.68 per cent to 21.31 levels.
NTPC, Maruti, Larsen & Toubro (L&T), and HUL were among the major contributors to the Sensex’s gain while Reliance Industries (RIL), and Bharti Airtel were the top drags. Of 30 constituents, 24 advanced while the rest 6 declined.
Chinese blue chips led the way with gains of 2.35 per cent, as the country’s central bank provided more medium term loans to the financial system.
Beijing had also granted a patent for CanSino Biologics Covid-19 vaccine candidate Ad5-nCOV. But Tokyo’s Nikkei fell 0.6 per cent as Japan became the latest country to confirm its biggest economic contraction on record.
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