Indian markets, led by financials, came back strongly from yesterday’s indecisiveness. Investors are banking on a global economic recovery, fuelled by central bank policy measures to support the respective economies.
The European Central Bank said that it will increase its Pandemic Emergency Purchase Programme by 600 billion euros.Stocks in Asia Pacific were higher on Friday, while markets in Japan, Hong Kong and Korea were up nearly 1%.Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd said, “Indian equities followed positive global cues, which was driven by ECB’s additional stimulus boost.