Sensex gains 997 points; Nifty closes at 9859 amid talks of lockdown relaxations in India

In a massive relief for the automobile industry, market indices on Thursday, closed higher for the fourth consecutive day - Sensex gained  997.46 points, closing at 33717.62. Meanwhile, Nifty was up 306.55 points - closing at 9859.90. Market reports state that  1316 shares have advanced, 1084 shares declined, and 165 shares are unchanged. The Indian rupee too ended higher by 57 paise at 75.10 per dollar, as per market reports.

Markets continue to slump amid COVID lockdown; Sensex loses 535 pts, Nifty below 9200

Sensex gains 997.46 points

Market reports state that all other sectoral indices except pharmaceuticals ended higher. Experts state that the rise in domestic and global markets are due to the talks of gradual lifting of lockdown all over the world. India itself will finish its nation-wide lockdown on May 3 and government sources have stated that the Centre will push for staggered lockdown, freeing up green zones and non-containment COVID-19 areas. 

Sensex rises by 415 points, Nifty by 127 after RBI announces mutual fund liquidity package

Global markets end higher on Wednesday

At 7:25 IST, Asian markets traded higher with  SGX Nifty gaining 153 points. Moreover, the Nifty futures  too were trading at 9682.50 level on the Singaporean Exchange, as per reports. Wall street too ended higher, as US stocks surged amid hopes for an effective COVID-19 treatment.

Maharashtra govt allows movement of stranded persons after MHA order, issues SOP

Coronavirus hits global economy

The fear of the virus has disrupted business supply chains, while the number of positive cases has hit 32,34,915 cases and 2,28,598 deaths. Moody’s have estimated that coronavirus has increased the risk of a global recession as advanced countries United States, Japan, Germany, Italy, France, Britain, and Korea battle the virus, but the UN has claimed that India and China may be spared. Analysts have said that as China is the largest supplier of raw materials and manufacturing hub for different industries - core industries like automobiles, metal and pharmaceuticals' trade were brought to a standstill due to China closing off its borders, but now is seeing action as China picks up manufacturing. Currently, the Indian economy is at a standstill, as the nation is at a lockdown till May 3.

Coronavirus Live Updates: India's tally at 33050 with 1074 dead; doubling rate at 11 days