Could the vaccine help ail emerging-market shares?

The Indian economy is an emerging economy and in recent news of a potential Covid-19 vaccine developed by Pfizer and BioNTech the Indian stock market boomed to a record high on November 10^th. This could be because of some reassurance of the market being able to go back to normal. Another uncertainty was removed when the results of the next President was finally announced. After the announcement, investors decided to begin taking risks again, as seen by the lift in MSCI’s benchmark emerging-market equity index by over 6% from November 3rd to 9th.  This shows that people are gaining confidence again and so markets may be returning to normal, hence emerging markets may be saved and restored due to the discovery of a vaccine and the Presidential result.