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1,600 points in 2 days: What triggered the Sensex rally?

India Eu president economy infection Coronavirus
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Indian stock markets posted strong gains for the second day in a row, lifted optimism over reopening economies and a huge EU coronavirus recovery package.

The Sensex ended about 600 points higher at 32,200, extending 2-day gains to about 1,600 points. Investors bought beaten-down banking stocks for a second day, while auto and metals gained on broader market optimism.

The NSE Nifty 50 index ended up 1.88% at 9,490. The Nifty banking index, which has fallen over 40% so far this year, ended up 2.5% today, following a 7% surge in the previous session.

HDFC Bank Ltd and Housing Development Finance Corp Ltd ended up 4.6% and 3.4%, respectively. Nifty sub indexes auto and metals rose 3.65% and 2.4%, respectively.

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Ontario to allow high-contact sports, more music extracurriculars in schools: source
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Karnataka: Marginal drop in new Covid cases; positivity rate at 4.25%
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Police warn about significant delays at Ambassador Bridge as protest continues into 4th day
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Court issues enjoining order suspending on-going nurses strike
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India's first mRNA Covid vaccine enters final clinical trials: Govt
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COVID-19
United States
United States
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Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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