Top stock movers — Pfizer, Tech Mahindra, HCL Tech, TCS, Infosys, IndiGo, SpiceJet, JK Cement, Lemon Tree Hotel, Indian Hotels, and others

• The 30-share BSE index was trading 296.95 points higher, and the broader NSE Nifty climbed 0.61% on Tuesday at 10:00 am.
• Here’s a list of the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian equity benchmark indexes hit record highs on Tuesday, led by a rally in banks, airlines and hotel stocks, as investors cheered the progress in the development of a coronavirus vaccine.

The 30-share BSE index was trading 296.95 points higher, and the broader NSE Nifty climbed 0.61% on Tuesday at 10:00 am.

Here’s a list of the top losers and gainers in the Nifty pack.

*as of November 9, 9:57 am

These are the top stocks in news today.

Pfizer India shares zoom 19%

Pfizer India shares gained over 19% a day after the company announced that its COVID-19 vaccine trial data suggests that its shots prevented more than 90% of symptomatic infection. This indicates the company is on track later this month to file an emergency use application with US regulators.

IndiGo and SpiceJet gain on hopes of a COVID vaccine soon

Air travel has been one of the hardest hit in the past 10 months, and now the hope of a COVID vaccine soon has brought a rally in the shares of the listed airline companies. IndiGo was trading 6% higher, whereas SpiceJet was up 4%.

Inox Leisure trades 4% higher

The shares of cinema giant Inox Leisure gained over 4% after it launched its qualified institutional placement (QIP) at ₹263.1 per share. The floor price is set at a 1.42% discount to Monday’s closing price.

JK Cement hits 52-week high; trades 4% higher

The shares of JK Cement gained over 4%, hitting the 52-week high on the back of strong Q2 results. The company reported an almost three-fold jump in consolidated net profit to ₹221.55 crore for the second quarter ended September 30.

Lemon Tree Hotel, Indian Hotels, EIH and other hospitality stocks rally

Lemon Tree Hotel, Indian Hotels, EIH and other hospitality stocks rallied after positive COVID vaccine news. Lemon Tree Hotel was trading 6% higher, Indian Hotels was up 8%, and EIH gained 5%, during the early trading hours on Tuesday.

SEE ALSO: Bihar Election Results 2020: Counting of votes begin, early trends indicate the Grand Alliance edging ahead of the JDU

Google will be probed by India’s Competition Commission for allegedly ‘abusing dominance’ to push its payments app

Pfizer’s COVID-19 vaccine is 90% effective in preventing coronavirus in those who haven’t been infected ever before, shows data from latest trials