Nifty50 climbs Mount 13,000 on Covid-19 vaccine hope; Sensex rises 446 pts

The benchmark Nifty50 index on Tuesday scaled the psychological 13,000-mark amid sustained buying by overseas investors. Favourable global cues after the beginning of US President-elect Joe Biden's formal transition also boosted sentiment. Besides, Biden’s planned nomination of former Fed chair Janet Yellen to be Treasury Secretary, considered to be of a dovish-bent, was welcomed by the markets.

The Nifty ended at 13,055 following a gain of 128 points, or 1 per cent. The Sensex, which kissed the 44,500-mark in intra-day deals, closed at 44,523, up 446 points, or 1.01  per cent.

Tuesday’s gains were underpinned by renewed buying in banking