Indian shares advanced on Thursday, led gains in global go over amid expectations that govt will roll out more stimulus steps to aid their economies. After having hit an intra-day peak level of 31,225.20, the BSE benchmark Sensex climbed over 1,200 points to close at 31,159.62 propelled by gains in auto, financial and pharma stocks. Likewise, the NSE Nifty-fifty index closed over 363-pts higher, at 9,111.90.
Mahindra and Mahindra (M&M) was the top gainer in the Nifty constituent, surging up to 17.5-pc, followed by Maruti Suzuki (up 13.88-pc), Cipla (up 13.12-pc) , Titan and Tata Motors by 10 and 11 percent each.
On the other hand, Hindustan Unilever, Dr Reddy’s and Tech Mahindra slipped up 3 and 3.34 percent each and were come out as top losers for the day. Get the latest best stock updates and all time top stocks tips from here.
As per the Ministry of Health statement on Thursday, it reports that the central govt has announced investments to the tune of Rs15000-Cr for ‘India COVID19 Emergency Response&Health System Preparedness Package. It adds that the funds allowed will be utilized for quick COVID-19 Emergency Response (Rs7774-Cr) and rest for medium-term support ( one to four years) to be provided under mission mode approach