Markets back in Green, Sensex up 1861 points, Nifty closes above 8300
Mumbai: Markets are back in the green after US Senators reached a deal with Trump administration for a massive USD 2 trillion economic stimulus package to revive the corona hit economy.
India’s benchmark indices BSE Sensex and NSE Nifty50 closed the day in the green. While Sensex up 1861.75 points or 6.98% to close at 28,535.28 points, NSE Nifty was up 516.80 points at 8317.85 points.
Meanwhile, S&P 500 index up 9.38%, Dow Jones jumped 11.37% to 20,704.91 points as on 3 pm IST. Japan’s Nikkei jumped 8% to close at 19546.63 points.
Among the major gainers on Nifty were Reliance Industries, HDFC Bank, Kotak Mahindra Bank, UPL and Grasim Industries while Yes Bank, IndusInd Bank, IOC, Coal India and GAIL were the top losers.
The government of India’s measures to ease burdens on taxpayers and indications of an economic package have also boosted investor sentiments in India. The Finance Ministry on Tuesday announced several measures to ease burdens on common taxpayers and corporate in the wake of Coronavirus. The last dates for IT return, GST return and PAN-Aadhar link have been extended to 30th June.