“There were many concerns about the vaccine until last week. About the logistics of distributing the vaccines and their efficacy,” said Saurabh Mukherjea, founder, Marcellus Investments.
Another boost to the markets
was US President Donald Trump's statement on Monday that his administration would co-operate with Biden's transition team. The US president's announcement came after a Michigan board-certified Biden as the winner.
Banking and finance stocks, which have significant weighting in the benchmark indices, continued to rally on optimism that the Reserve Bank of India (RBI) would accept the recommendations of a working group.
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