Mumbai, July 2: The Sensex after opening in the green, continued its upward rally throughout the trading session. The Sensex ended 429 points higher at to 35,843, Nifty, on the other hand, was at 10,530 on Thursday. The markets opened in the positive zone echoing firm sentiments from the global stock markets. The rally in the market was led by gains in IT and auto stocks.
The Asian stocks tracked Wall Street higher although sentiment was cautious ahead of US employment data. There has an increase in doubt over the fast economic recovery as the total number of Covid-19 patients in India crossed the 6 lakh mark and the death toll climbed to 17,800 levels. Cases in the US have also been increasing, with several states of the country reporting a record number of cases every day. Coronavirus Cases in India Cross 6 Lakh Cases, COVID-19 Death Toll Jumps to 17,834.
Shares of Pfizer surged on Thursday on reports that the parent company's COVID-19 vaccine has shown positive results. On Wednesday, Pfizer's US parent said that a COVID-19 vaccine developed jointly with Germany's BioNTech was found to be well-tolerated, and is the fourth early-stage drug to show promise in human testing.
(The above story first appeared on LatestLY on Jul 02, 2020 04:15 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).