News about a COVID-19 stimulus package and the US house passing the 2,000 USD paycheck brought about positive sentiments in the market. The news about the commencement of vaccine usage in many parts of the world has also helped improve the sentiments of the market. With more countries all set to roll out the vaccine, there is optimism about revival in business activities and economic recovery.
As can be seen from the chart, the index is looking to breach the 3,800 mark. This can be possible with a continuation of the current trend and with other things remaining the same.