Benchmark indices rise on PMI, breakthrough in coronavirus vaccine

Sensex rallies 1,407 pts in three sessions amid breakthrough on Coronavirus front

The benchmark indices rose on Wednesday mirroring gains in the global markets after news of a breakthrough in coronavirus vaccine and optimism over positive economic data at home.

The benchmark Sensex closed at 41,143, up 0.9 per cent, or 353 points, extending its three-day rally to 1,407 points, or 3.5 per cent. The Nifty50 index rose 110 points, or 0.94 per cent, to close at 12,089.

Most equity markets rallied by over a per cent on hopes that the impact of the coronavirus on the global economy won’t be as severe as anticipated. Moreover, news reports suggested scientist in the UK made