Sensex zooms 2390.40 points during the week
NEW DELHI [Maha Media]: Benchmark index of Bombay Stock Exchange (BSE) jumped 2,390.40 points or 7.63 pc to settle at 33,717.62 in a week under review on hopes for an effective COVID-19 treatment.
Sentiment also got a boost after the Reserve Bank of India (RBI) on Monday, April 27, 2020, announced a special liquidity facility of Rs 50,00. crore for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton.
Firm global cues also boosted sentiment as investors worldwide were optimistic over the slowing of new virus cases and welcomed moves by policymakers to support the coronavirus-hit global economy.
NSE Nifty rallied 705.50 points or 7.71pc to settle at 9,859.90. BSE Mid-Cap index advanced 549.25 or 4.79 per cent to settle at 12,013.45. The BSE Small-Cap index spurted 468.30 points.points or 4.40 pc to settle at 11,101.84.
The equity market kept winning streak intact throughout the week. On Monday, the Sensex, gained 415.86 points to settle at 31,743.08. The Nifty rose 127.90 points to 9,282.30.
On Tuesday, the barometer S&P BSE Sensex advanced 371.44 points to settle at 32,114.52. Nifty gained 98.60 points to settle at 9,380.90.
On Wednesday, the Sensex, rose 605.64 points to 32,720.16. Nifty added 172.45 points to 9,553.35.
On Thursday, Sensex gained 997.46 points to settle at 33,717.62. Nifty 50 too gained 306.55 points to settle at 9,859.90.