markets on Wednesday surged nearly 0.6% on the back of a continued slowdown in the rate of new covid-19 cases and better than expected March quarter earnings.At 11.30 am, the benchmark Sensex rose 0.63% to 50,955.85 points while Nifty rose 0.51% to 15,286 points.Expectations of early easing of lockdown owing to a fall in cases in many states improved investor sentiment."Domestic equities look to be good for the day.
Notably, continued decline in daily caseload in second wave (fell below 2 lakh yesterday after 40 days) and improvement in recovery rates have certainly bolstered investors’ confidence as this can reinvigorate sluggish economy faster," said Binod Modi, head, strategy at Reliance Securities."It also indicates that assumption of.