23:56 GMT30 October 2020
Listen Live
    India
    Get short URL
    0 10
    Subscribe

    India's benchmark stock index, the Sensex, shed almost 16,000 points within weeks after a nationwide lockdown was imposed in India in late March due to COVID-19. From a peak of about 42,000 in early March, the Sensex plunged to 26,000 by the end of the same month and has since recovered almost 50 percent.

    After two days of continued sell-off, Indian markets on Wednesday opened on a strong note amid mixed global cues. 

    The Bombay Stock Exchange's benchmark 30-share index, Sensex, jumped 322 points in the opening session to trade at 38,056 levels. 

    Similarly, the wider 50-share index of the National Stock Exchange (NSE), the Nifty 50, was up 71 points to trade at 11,224 levels. 

    The Indian markets were up on Wednesday, after two days of continued weakness owing to fresh lockdown fears in Europe due to the COVID-19 spike in the United Kingdom and several other countries.

    Market sentiments were also boosted by  gains in the Reliance Industries stock, which was showing bullish trend on the back of the $755 million investment by US-based private equity firm KKR & Co. 

    Traders said overnight gains in Wall Street had also boosted domestic sentiments.

    Related:

    Indian Stocks Up, Sensex Gains over 400 Points On Reliance's $3.29 Bln Retail Deal
    Indian Markets Jump, Sensex Up 325 Points in Opening Trading on Vaccine Hopes, New Mutual Fund Rules
    Indian Markets Plunge Amid Sell-Off Across Sectors, Sensex Down 386 Points in Opening Trade
    Tags:
    shares, equity markets, India
    Community standardsDiscussion