Tracking strong global markets, Indian equities rallied today with Sensex ending 2,476 points higher at 30,067. The biggest one-day gain in percentage terms in over 10 years added about ₹8 lakh crore to investors' wealth.
Signs that intensity of coronavirus spread is declining in highly affected areas of the US and Europe kept the sentiments upbeat in global equity markets.
In US market, Dow futures were up 3% after a 7% rally overnight. The rupee also gained about 50 paise against the US dollar, ending at 75.63 per US dollar.
Pharma sector rallied the most after the government lifted some restrictions on the export of 24 pharmaceutical ingredients and medicines made from them.