Markets Highlights: Sensex closes up 1,400 pts, Nifty above 8,600 after FM announces relief measures
Finance Minister Nirmala Sitharaman announced a 1.7 L cr relief package for the poor. Benchmark indices extended gains after opening in green on Thursday. As of 15:34, Sensex up by 1,410 points, Nifty was trading above 8,650. Indices posted their best single-day rise in over a decade on Wednesday, mirroring buoyancy in global markets in anticipation of a stimulus package by the government to tide over the financial turmoil caused by the coronavirus pandemic. Stay tuned for more updates.
Sensex closes at 29,946.77, up 1410.99 points; Nifty ends at 8,641
10:0626 Mar 2020
All sectors in green; Banks lead gains
All sector trading in green as overall market sentiment is extremely positive. The rally in markets has been led by bank shares. Nifty Bank, which was hammered after the fall of YesBank, is up 5.95%.
10:0226 Mar 2020
Despite the three days of heavy rally in markets, Indian markets continue to be in the bear market territory, with Indices down about 30% from life-highs
08:5426 Mar 2020
Sensex, Nifty pare gains as Sitharaman announces relief package; Sensex at 29,315.06, 779.28 pts higher, Nifty at 8,544
08:0926 Mar 2020
FinMin announces wage increase under MGNREGA to Rs 2,000 per worker