Domestic stock markets rose nearly 1 per cent on Tuesday, resuming trade after a day’s holiday, after official macroeconomic data showed the country’s GDP contracted a better-than-expected 7.5 per cent in the July-September period. The S&P BSE Sensex index rose 416.22 points – or 0.94 per cent – to touch 44,565.94 at the strongest level recorded during the session, and the broader NSE Nifty 50 benchmark climbed to as high as 13,081.10, up 112.15 points – or 0.86 per cent – from its previous close. Gains across sectors – led by IT, pharmaceutical and metal shares – supported the markets.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 1.08 per cent, having closed November with a gain of 9 per cent. That marked the best November since 2001. China’s blue-chip CSI300 index jumped to be 1.56 per cent higher on Tuesday, after a business survey showed on Tuesday activity in China’s factory sector accelerated at the fastest pace in a decade in November. Japan’s Nikkei was up 1.34 per cent while South Korea was up 1.5 per cent.
Moderna Inc applied for US emergency authorization for its COVID-19 vaccine after full results from a late-stage study showed it was 94.1% effective with no serious safety concerns.