Markets end two-month lows, helped by Biden's Covid-19 vaccination target

Most Asian and European markets rose after revised US vaccine targets boosted optimism and revived hopes of global growth.

India’s benchmark indices on Friday bounced off their two-month lows and most Asian and European markets jumped after the new US vaccine target boosted optimism and revived hopes of global growth recovery.

The Sensex rose 588 points, or 1.17 per cent, to close at 49,009, while the Nifty added 182 points, or 1.27 per cent, to finish at 14,507. In the previous two sessions, both the indices had fallen more than 3 per cent to end at their lowest levels since January 29, with rising Covid-19 cases and setbacks in the vaccination programme raising concerns about the pace of economic recovery.

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