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Sensex surges over 1,250 points today, up 20% from March lows

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The Sensex today surged 1265 points amid a global rally in equities and expectations of another round of domestic stimulus measures to cushion the impact of coronavirus.

The Sensex is now up about 21% from its March lows of 25638.9 On the other hand, the Nifty50 index surged 4% to reclaim 9,100 levels.

Global markets were also higher today on hopes that the coronavirus pandemic was nearing its peak globally and governments would roll out more stimulus measures.

US President Donald Trump said he would like to reopen the U.S. economy with a "big bang" if the deaths from the pandemic were on a downward slope, while New York Governor Andrew Cuomo said the state's efforts were helping control the virus in one of the biggest hot spots in the

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