Covid-19 - Moderna vaccine update - Angel Broking

Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

Vaccine's News giving boost to market after positive results by BioNtech vaccine last week. This week starts with the positive on Moderna vaccine, even moderna vaccine shows better results than the BioNtech vaccine along with this BioNtech vaccine have some logistic issues that are not the case with the Moderna vaccine. Moderna vaccine is 94.5% effective in preventing Covid2019 based on interim data from the last stage clinical trial. This announcement from Moderna is encouraging and gives more clarity on the launch of vaccines in the first half of 2021. Global market has taken this news positively Dow up by 1.6% and Nasdaq up by 0.8% along with the Indian indices Sensex and Nifty up by 0.26% and 0.27% respectively.