Investor optimism on Q3 earnings propels indices; Sensex rises 651 points

Nifty rises 1% to close above 18,000 for first time since November 15

The benchmark indices gained amidst hopes that companies will post robust earnings for the December quarter (Q3) of financial year 2021-22 (FY22) as the results season kicks off this week. The central government’s statement that Covid-19 cases will require less hospitalisation than in the second wave also cheered investors.
 
The benchmark Nifty closed the session above the 18,000-mark for the first time since November 15. It ended the session at 18,003, a gain of 190 points or 1.07 per cent. The Sensex ended the session at 60,395 a gain of 651 points or 1.09 per cent.
 
Analysts said investors expect