Regaining the milestone: Sensex reclaims 40k level after more than 7 months

Optimism around economic revival, stimulus propel markets

The Sensex on Thursday regained the 40,000 mark after more than seven months while the Nifty got closer to the 12,000 level on optimism around a US stimulus package and a rebound in the Indian economy amid further easing of Covid-19 restrictions.  

Most Asian and European markets edged higher following robust overnight gains on the Wall Street on renewed hopes that a stimulus deal could be inked before the presidential election in November.

Information technology (IT) stocks led the gains in the domestic market after the strong showing by Tata Consultancy Services (TCS) in the September quarter.

Gaining for a sixth day, the