Stocks in India Close Near Record as Pace of Virus Cases Slows
- NSE Nifty 50 is a whisker away from surpassing February record
- Global liquidity, hopes for economic rebound have fueled gains
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India’s key stock gauge climbed for a fourth day to close near a record high as investors remained optimistic the economy will rebound strongly from the world’s worst coronavirus outbreak.
The NSE Nifty 50 Index rose 0.6% to 15,301.45 on Wednesday amid gains in Asian equities. The gauge had closed at an all-time high of 15,314.70 on Feb. 15. It is up 9.4% so far in 2021, outperforming the MSCI Asia Pacific Index by about six percentage points. The S&P BSE Sensex rose 0.8%.