Indian Market: Sensex zooms 2390.40 points during the week
Mumbai/UNI: Benchmark index of Bombay Stock Exchange (BSE) jumped 2,390.40 points or 7.63 pc to settle at 33,717.62 in a week under review on hopes for an effective COVID-19 treatment.
Sentiment also got a boost after the Reserve Bank of India (RBI) on Monday, April 27, 2020, announced a special liquidity facility of Rs 50,00. crore for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton.
Firm global cues also boosted sentiment as investors worldwide were optimistic over the slowing of new virus cases and welcomed moves by policymakers to support the coronavirus-hit global economy.
NSE Nifty rallied 705.50 points or 7.71pc to settle at 9,859.90.
BSE Mid-Cap index advanced 549.25 or 4.79 per cent to settle at 12,013.45. The BSE Small-Cap index spurted 468.30 points.points or 4.40 pc to settle at 11,101.84.
The equity market kept winning streak intact throughout the week.
On Monday, the Sensex, gained 415.86 points to settle at 31,743.08. The Nifty rose 127.90 points to 9,282.30.
On Tuesday, the barometer S&P BSE Sensex advanced 371.44 points to settle at
32,114.52. Nifty gained 98.60 points to settle at 9,380.90.
On Wednesday, the Sensex, rose 605.64 points to 32,720.16. Nifty added 172.45 points to 9,553.35
On Thursday, Sensex gained 997.46 points to settle at 33,717.62. Nifty 50 too gained 306.55 points to settle at 9,859.90.
Markets remained shut on Friday, on account of 'Maharashtra Day'.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
