The CNX Nifty logo is displayed on a glass wall at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The NSE Nifty 50 index surpassed the 13,000 mark for the first time ever as equity benchmarks scale records on expectations that Covid-19 vaccines will aid a quicker recovery from the pandemic-induced recession.
The 50-stock gauge, having erased the year's losses to turn positive on Nov. 6, had surpassed the previous intraday record of 12,430 on Nov. 9. The index gained the last 1,000 points—from 12,000 to 13,000—in 14 trading sessions, surging more than 8% during the period.
