Positive global sentiment and Reserve Bank of India’s liquidity push for mutual funds drove aided in extension of rally in Indian markets on Monday.
The BSE Sensex ended at 31,743.08, up 415.86 points or 1.33% while the 50-share index was at 9,282.30, up 127.90 points or 1.40%.
Following the Franklin Templeton closure of six debt schemes, the RBI launched a special liquidity facility for mutual funds to ease redemption pressure due to covid-19 lockdown.
The central bank also stressed that it is vigilant and will take whatever steps are necessary to mitigate the economic impact of covid-19 and preserve the financial stability.