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Sensex, Nifty rose 7-pc higher on US stimulus


Market climbed higher with benchmark indices rising 6-7 percent on Wednesday, in view of economic stimulus bill to deal with the fallout from the COVID19 outbreak.

The Sensex closed 1,862-pts higher at 28,536, while the Nifty-fifty jumped 517-pt to settle at 8,318.

The market mood was also positive after the FM Nirmala Sitharaman on Tuesday announced that the govt would immediacy announce a fiscal package to help the economy from the virus outbreak. The Minister further announced a number of steps and postponed tax deadlines to help the citizens during this period. Get the updated best stocks tips  and the top stocks to watch today from the expert.

Reliance, HDFC Bank, Kotak Mahindra Bank, UPL, and Maruti-Suzuki were the top gainers on the Nifty, while  IOC, IndusInd Bank, Coal India, Wipro and GAIL-India led the losses.