The markets in India were trading at record high levels for the second consecutive day today(10th November 2020) after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on initial trial results.
Among benchmarks, the S&P BSE Sensex gained 100 points at 42,700 levels and the Nifty50 index topped the 12,500-mark. HDFC, ICICI Bank, Larsen & Toubro, and State Bank of India were all up 2 percent each.
Meanwhile, Pfizer zoomed 19 percent in early deals on the Covid vaccine-related development.
The Nifty sectoral indices were mixed, with gains in the Nifty Bank index, up 1.5 percent, being offset by the Nifty IT index, down 2 percent.
Five hundred and thirty-five companies including GAIL India, Mahindra & Mahindra, Hindalco Industries, and Tata Power are scheduled to announce their quarterly earnings today.