Sensex Posts Biggest Gain In 2 Weeks; All Eyes On Economic Package Details

Domestic stock markets traded more than 2 per cent higher on Wednesday afternoon, having given up more than half of intraday gains, ahead of Finance Minister Nirmala Sitharaman's address to the media to share details of the Rs 20 lakh-crore economic package announced by Prime Minister Narendra Modi the previous day. PM Modi, in his address to the nation late on Tuesday, announced fiscal and monetary boost worth Rs 20 lakh crore to support an economy battered by the ongoing nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic. The S&P BSE Sensex index had soared as much as 4.70 per cent – or 1,474.36 points to touch 32,845.48 in early trade, and the broader NSE Nifty 50 benchmark had climbed to as high as 9,584.50 compared to its previous close of 9,196.55.


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