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Markets surge 16% from lows in March on stimulus boost

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Indian stocks gained for the third straight day as government announced measures to address the slump during the 21-day lockdown boosted sentiments.

The BSE Sensex ended at 29,946.77, up 1,410.99 points or 4.94%, while the Nifty was at 8,641.45, up 323.60 points or 3.89% on Thursday.

Most Asian region markets were under pressure on Thursday as investors awaited the release of the initial jobless claims data by the US in the evening.

The Indian government announced a ₹1.7 trillion package, amounting to about 0.8% of gross domestic product (GDP), to help the lower income group during the 21-day nationwide lockdown.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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