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₹20 trillion package; Sensex, Nifty end 2% higher

Nirmala Sitharaman India pandemic economy Government Coronavirus
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Indian equity market on Wednesday closed over 2% higher as investors cheered the government's ₹20 trillion stimulus package to revive the economy, which has come to a grinding halt due to the lockdown imposed in the wake of the coronavirus pandemic.

The benchmark Sensex had gained as much as 1,474.36 points, or 4.7%, to 32845.48 intraday, while the Nifty 50 index climbed 387.95 points, or 4.2%, to 9,584.50 However, both Sensex and Nifty pared some intraday gains, ending 2% higher as investors awaited details of the package to be announced by finance minister Nirmala Sitharaman at 4pm today. “The details of package are not yet available, key focus areas are likely to be MSME, infrastructure, taxation, easing of labour laws, etc." said

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COVID-19
United States
United States
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Deaths: 750 423
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India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
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
Detail statistic
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