Mumbai, July 21: The Indian stock markets rallied on the back of positive cues from the global markets. The Sensex surged 511 points to end at 37,930. NSE Nifty, on the other hand, settled at 11,162.  Markets continued to end higher for the fifth straight day amid the increasing COVID-19 numbers in the country.  India reported a spike of 37,148 cases and 587 deaths in the past 24 hours on Tuesday.

On Monday, the Sensex surged 399 points to settle at 37,419 driven by gains in financial and IT counters, shrugging off concerns over mounting COVID-19 cases. India's COVID-19 Tally Jumps to 11.5 Lakh, Death Toll Crosses 28k Mark With 37,148 New Coronavirus Cases in Past 24 Hours.

Talking about the global markets, the US stocks ended higher as tech-related shares rallied broadly, bolstering the market. On Monday, the Dow Jones Industrial Average rose 8.92 points, or 0.03 per cent, to 26,680.87. The S&P 500 advanced 27.11 points, or 0.84 per cent, to 3,251.84. The Nasdaq Composite Index jumped 263.90 points, or 2.51 per cent, to 10,767.09.

 

(The above story first appeared on LatestLY on Jul 21, 2020 04:05 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).