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Markets rally 9% on global cues, signs of slowing covid-19 spread

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Indian stocks saw a massive rally on Tuesday, riding on optimism that the spread of the covid-19 outbreak may be slowing. Gains in global markets also fuelled Indian equities.

Markets in India surged nearly 9%, the biggest single-day gain since 18 May 2009. The Sensex ended at 30,067.21, up 2,476.26 points or 8.97%, while the 50-share Nifty index was at 8,792.20, up 708.40 points or 8.76%.

Investors added ₹7.89 trillion of wealth. Other Asian markets such as Japan, China, Hong Kong and South Korea rose around 2% each.

Globally, equity markets responded favourably to a slowing rate of new covid-19 cases, especially in the US and Europe, according to Gaurav Dua, head, capital market strategy and investments, Sharekhan by BNP Paribas. “The

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Delaware County fire company suspended pending investigation into alleged racist comments - fox29.com - state Delaware - county Hill - city Sharon, county Hill
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Delaware County fire company suspended pending investigation into alleged racist comments
DARBY TOWNSHIP, Pa. - Briarcliffe Fire Company has been shut down for at least the next 30 days as Delaware County officials investigate the alleged use of racial slurs on a recent virtual meeting. The fire company, located in Darby Township will not be receiving fire calls during the suspension. The suspension comes after a Jan. 27 virtual meeting between township fire companies and commissioners about a potential consolidation. According to a letter from the Goodwill Fire Company obtained by FOX 29, following the end of the meeting, a group of people remained on the call. The letter says there was then a group of people that could be heard discussing the meeting using foul language, and identifies those involved in the conversation as members of the Briarcliffe Fire Company. The conversation, which lasted an hour and 45 minutes, allegedly included racial slurs when discussing members of other fire companies and township residents.One of the Briarcliffe Fire Company members was also accused of making a joke about, Fanta Bility, a young girl who was killed in a shooting in Sharon Hill last fall.Derogatory and otherwise offensive comments were also allegedly made about other township officials.Township officials say the incident is under investigation, and that a criminal referral is expected to be made to the Delaware County District Attorney’s Office. MORE HEADLINES:In their letter, the Goodwill Fire Company Board of directors expressed their concern for the fire companies and safety of the community. "This is not appropriate and does not belong in the township," the letter read. Darby Township officials are scheduled to speak on the issue at 2 p.m.
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