Sensex closes 500 points higher, Nifty records new peak

Benchmark indices closed 1 per cent higher with Nifty continuing to scale new peaks for the third successive day.
Market after a volatile first half, turned positive in the afternoon on Monday and rallied further in the second half after bulls took charge. The rally was led by index heavyweight Reliance Industries.
Hopes of economic recovery and foreign portfolio investors turning buyers amidst declining Covid caseloads buoyed the market.
After registering another new all-time high at 15,606.35,…

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