Indian markets made a big recovery today even as the country went into a 21-day lockdown to spread the spread of coronarivus outbreak.
Benchmark index Sensex surged 1,861 points - its biggest gain in over a decade - to 28,535, joining a global rally as US lawmakers and and Trump administration officials reached an agreement on a massive $2 trillion economic stimulus bill to cope with the fallout from the coronavirus outbreak.
The broader NSE Nifty 50 index also rose 6% to 8,297. Analysts say that expectations of a domestic stimulus also supported Indian markets, adding that volatility will remain in the short term.