Sensex, Nifty Up 2% As Markets Trim Early Gains On Economic Package: 10 Points

Domestic stock markets trimmed early gains on Wednesday after starting the session more than 4 per cent higher, a day after Prime Minister Narendra Modi announced fiscal and monetary support worth Rs 20 lakh crore to support an economy battered by the ongoing nationwide lockdown to curb the spread of the coronavirus pandemic. The S&P BSE Sensex index soared as much as 4.70 per cent – or 1,474.36 points to touch 32,845.48 in the first few minutes, having started the session near that level, and the broader NSE Nifty 50 benchmark climbed to as high as 9,584.50, up 4.22 per cent from its previous close of 9,196.55. Finance Minister Nirmala Sitharaman will address media at 4 pm to share details of the economic package.


Leave a Reply