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Sensex Zooms 700 Points; Nifty Trades Above 10,800 Mark
Wed, 15 Jul 10:30 am

Share markets in India have extended early gains and are presently trading on a strong note. Benchmark indices rose nearly 2% today, tracking firm global cues.

Sentiment also got a boost as optimism about a coronavirus vaccine bolstered risk appetite. Stock exchanges on Wall Street ended on a positive note after US researchers reported that the first vaccine tested in the country revved up people's immune systems.

The experimental vaccine, developed by US government's top infectious disease expert Anthony Fauci's colleagues at the National Institutes of Health and Moderna Inc, will start its most important step around July 27, a 30,000-person study to prove if the shots really are strong enough to protect against the coronavirus.

IT stocks are among the top gainers today. Shares of Wipro surged 15% after reporting better-than-expected quarterly numbers.

Meanwhile, Infosys gained over 7% ahead of its June quarter (Q1FY21) results.

The BSE Sensex is trading up by 675 points, up 1.9%, at 36,650 levels.

Meanwhile, the NSE Nifty rose above the 10,800-mark and is presently trading up by 193 points.

More details to follow in the upcoming commentary.

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