Indian stock markets rallied on Monday as investors cheered government’s announcement to relax lockdown in phased manner across the country after almost two months of strict measures.
The government is on a step-by-step approach to restore normalcy while businesses focus on exit strategies and revive growth.
The BSE Sensex ended at 33,303.52, up 879.42 points or 2.71%. The Nifty was at 9,826.15, up 245.85 points or 2.57%. Gains in global peers also lent support to Indian markets.
Shares in Asia Pacific were higher on Monday, with Hong Kong’s Hang Seng index surging more than 3%. US President Donald Trump announced on Friday that he would be taking action to eliminate special treatment for Hong Kong, following China’s approval of a