Indian markets extended its rebound to the third day after the government today announced a ₹1.7 lakh crore economic package for the poor amid a nationwide lockdown.
The Sensex finished 1,410 points higher at 29,946, extending its gains to about 4,000 points or 15% in three days in its biggest rally of recent years.
The broader Nifty settled 4% higher at 8,641. Two days into a 21-day nationwide lockdown to contain the spread of the coronavirus outbreak, Finance Minister Nirmala Sitharaman today announced relief for the poor that included direct cash transfers and food security measures.
Aiding the sentiment across global financial markets was a $2 trillion virus relief bill approved by the US Senate. Financial stocks were among the biggest