Indian shares staged a sharp rally today, extending gains to the fourth day. Optimism around reopening of the economy after a months-long coronavirus boosted investor sentiment.
The Sensex settled 879 points higher at 33,303, extending its four-day gains to about 2,700 points while NSE Nifty 50 index ended up 2.57% at 9,826.
Financial stocks rallied today with Nifty bank index closed up 3.43%. The government on Saturday approved a phased exit from lockdown from today, permitting restaurants and malls to reopen from June 8, but extended lockdowns in high-risk zones until June 30.
Among the Sensex stocks, Reliance Industries Ltd rose 3.9% and HDFC Bank Ltd gained 3.4%. Shares of Bajaj Finance Ltd, the top gainer in the Nifty 50 index, ended