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Markets defy macros, April sees best monthly gains in nearly 11 years

India city Mumbai covid-19 outbreak 2020 Government
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MUMBAI: The performance of Indian stock markets in April has defied weak macroeconomic conditions and low business activities following the covid-19 outbreak.

Despite threats of a looming global recession and estimates of low gross domestic product growth in India, stock markets jumped over 14% in April, their best monthly performance since September 2009.

Benchmark Sensex gained 14.42% and Nifty rallied 14.68%, while the BSE Midcap and BSE Smallcap indices rose 13.66 and 15.54%, respectively, in April.

Sensex and Nifty were down 23% in March. On Thursday, BSE Sensex ended at 33,717.62, up 997.46 points or 3.05%, while the Nifty was at 9,859.90, up 306.55 points or 3.21%.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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