Reliance, Wipro lift stock market as hopes of Covid vaccine boost optimism

Indian shares gained almost 1% on Wednesday as hopes for the swift launch of Covid-19 vaccines lifted stock markets across Asia, while upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases.

India's most valuable stock Reliance Industries rose about 1.1% ahead of an annual general meeting due later in the day after Bloomberg reported on Tuesday that Alphabet Inc's Google was in advanced talks to invest $4 billion in the digital arm of the conglomerate.