Indian markets closed sharply higher today with financials powering the rally after Reserve Bank of India announced more liquidity-boosting measures to ease financial stress stemming from the world's biggest nationwide lockdown.

The Nifty closed 3.05% higher at 9,266.75, while the Sensex rose nearly 1,000 points to 3.22% to 31,588.60. Both the indexes finished the holiday-shortened week more than 1% higher.

A rise in equities across the globe as U.S. outlined plans to gradually reopen its coronavirus-hit economy also aided the domestic investor sentiment.

The Nifty banking index added 6.6%, while the financials index closed 5.46% higher. ICICI Bank Ltd rose 9.7% and was the biggest boost to the indexes, while peer Axis Bank Ltd rose 14%. H

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MADRID – Rafael Nadal says it will be “very difficult” for tennis to return to action any time soon and is concerned about the risk of injuries when the sport resumes.

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Coronavirus update: India's Covid-19 count crosses 28,000-mark, death toll at 886. State-wise tally here

India's novel coronavirus count has shot past 28,000 after the country recorded 1,463 fresh cases in the last 24 hour amid the 40-day lockdown period, which is now in its final week. According to the latest Ministry of Health and Family Welfare data, the total number of positive Covid-19 cases in the country increased to 28,380 today. The death toll due to the highly contagious disease has reached 886 since the outbreak as 60 deaths got reported since yesterday, it added.

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Stacey Solomon claps back at troll who called her ‘ugly’ with most appropriate Sugababes song

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Thousands Pack Southern California Beaches Amid Coronavirus Pandemic

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state California county Orange gatherings pandemic Coronavirus

Contactless shopping and delivery startup Wagonfly raises $500,000

Mumbai. As covid-19 spread increases the need for social distancing, Wagonfly that provides contactless shopping and delivery experience for its customers, on Monday said it raised about $500,000 from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor Manoj Kumar.

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The current coronavirus restrictions in place around the world and how they are being eased

Prime Minister Boris Johnson returned to work at Downing Street today following his recovery from coronavirus.

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Aldi bring back popular Benefit and Sand Sky beauty dupes

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Back at work, Boris Johnson urges patience over UK lockdown

LONDON – British Prime Minister Boris Johnson urged his lockdown-weary nation to be patient Monday, arguing that easing social and economic restrictions too soon would create a second deadly spike of coronavirus infections.

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Three things from Boris Johnson's back to work statement you need to know - the most important takeaways and questions

The Prime Minister made his first public appearance on Monday morning since being felled by covid-19 three weeks ago.

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Sensex rises 400 points. Key triggers that moved market direction today

Indian shares rose nearly 2.5% today at day's highs gave up some gains on profit-taking in late trade. The Sensex rose as much as 776 points when it touched day's high of 32,103, before ending 415 points higher at 31,743. The broader index Nifty ended 1.4% higher at 9,282, powered by gains in financial stocks after Reserve Bank of India launched a special liquidity facility for mutual funds to ease the pressure due to the coronovirus pandemic.

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Testing and tracing capacity casts doubt over lifting Covid-19 restrictions

Concerns around testing capabilities and the timeframe in achieving 100,000 weekly Covid-19 tests have cast doubt on the loosening of restrictions that have been in place since March.

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Universal Music Group, Lego Strike Partnership Around Upcoming Toy Line

Universal Music Group and the Lego Group have signed an exclusive global partnership, the companies said Sunday. Though details are scarce, the partnership will leverage UMG's immense catalog for a new suite of Lego products slated for release in 2021, with a goal to "celebrate and expand children’s creativity and passion for music." The announcement follows on the heels of Thursday's news that Universal's film studio and the toy company had inked a five-year exclusive agreement to develop, produce and distribute theatrical releases based on Lego's intellectual property and original ideas.

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Maharashtra will get back to business but now safety is priority: Anil Deshmukh

Maharashtra today is unarguably the worst affected state in India with over 8,000 covid-19 cases. This has increased the state government’s task manifold. The Maharashtra government is not only responsible for housing the largest number of migrant workers but has also managed to keep the state ahead in terms of rate and absolute number of covid-19 tests. In an interview with Mint, Maharashtra’s Home Minister Anil Deshmukh, who has been vocal about issues related to covid-19, talks about the state's progress in reducing the rate of spread of covid-19 infection, which has started bearing results. Maharashtra will get back to normalcy for trade and business but right now safety is a priority, said Deshmukh.

Anil Deshmukh India covid-19 quarantine Government infection

Breaching fiscal deficit target in FY21 'unavoidable', says RBI governor

MUMBAI: The government will probably miss its fiscal deficit target of 3.5% of gross domestic product (GDP) in financial year 2021 owing to the covid-19 pandemic, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview to news agency Cogencis.

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RBI's special window for mutual funds works as a soother, not a cure

India’s central bank wants lenders to give money to the troubled mutual fund industry.

Franklin Templeton India covid-19 Government shock

Five out of eight North East states coronavirus-free now, says Jitendra Singh

New Delhi: Minister of State for the Ministry of Development of North Eastern Region (DoNER) Jitendra Singh on Monday said that five out of the eight states in the North-East are corona-free now.

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Boris Johnson says there is 'apparent success' against coronavirus despite 20,000 deaths

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UK PM Boris Johnson is back at work after his battle with COVID19

UK Prime Minister Boris Johnson called the coronavirus Britain's "biggest challenge since the war" as he returned to work on Monday after successfully battling Covid-19 himself.

Boris Johnson Dominic Raab Britain virus covid-19 Coronavirus

Piers Morgan blasts Edward Argar over 'human timebombs' released back into care homes

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Gordon Ramsay risks angering neighbours again as he brags about 26-mile bike ride

Gordon Ramsay isn't letting his neighbours' anger about his presence in Cornwall get him down.

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Franklin Templeton Mutual Fund promises to return investors money at earliest

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Mindtree gains 9%; analysts say it’s a better bet than mid-cap peers

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Asian markets gain after Japan central bank boosts aid

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Manchester United plan to dominate Premier League should be obvious to Ed Woodward

Manchester United were always planning the next part of their rebuild this summer.

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AMC shares gain after RBI announces special liquidity facility for MFs

Mumbai : Shares of asset management companies (AMC) gained 5-11% on Monday after the Reserve Bank of India opened a special liquidity facility of ₹50,000 crore for mutual funds to mitigate the economic impact of covid -19 and maintain financial stability.

India city Mumbai covid-19 2020 strain

₹50,000 crore special liquidity facility for mutual funds

Mumbai: The Reserve Bank of India on Monday announced a special liquidity facility of ₹50,000 crore for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton.

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₹50,000 crore special liquidity facility for mutual funds

To ease liquidity pressures on mutual funds, Reserve Bank of India today announced a special liquidity facility of ₹50,000 crore for mutual funds. The RBI reiterated that it "remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability."

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Trump's focus on his base complicates path to reelection

WASHINGTON – During times of war and strife, national leaders often aim to unite a broken country and, in the process, broaden their appeal beyond their most loyal supporters. Not President Donald Trump.

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Asian markets gain after Japan central bank boosts aid

BEIJING – Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy.

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Coronavirus update: 1,396 new cases in last 24 hours, Mumbai COVID-19 count crosses 5,000

India's COVID-19 count today crossed the grim milestone of 27,000 cases as Maharashtra recorded another record surge in patients. The states have added a staggering 1,396 COVID-19 cases added in last 24 hours. India has witnessed 48 deaths related to coronavirus in last one day. The death toll in the country stood at 875. Maharashtra registered the highest number of deaths on Sunday.

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Mint Covid Tracker: Despite slowing trajectory, India’s case count could reach 50,000 in eight days

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With RBI rate cut, credit growth picks up 100 basis points

MUMBAI : Non-food credit growth of commercial banks grew 7% in the fortnight ended 10 April to ₹102.85 trillion, data from the Reserve Bank of India (RBI) shows.

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

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