Mumbai: After four sessions of bruising losses, domestic stock markets surged on Friday as policymakers globally took further actions to minimise the human and economic impact of coronavirus pandemic.
Sensex closed on March 20, 2020 at 1,627.73 points higher at 29,915.96. Similarly, Nifty ended 482 points up at 8,745.45.
In the previous season, Sensex closed on March 19, 2020 at 581.28 points lower at 28,288.23. Similarly, Nifty ended 205.35 points low at 8,263.45.
Bharti Infratel, GAIL, ONGC, UltraTech Cement and HUL were among major gainers on the Nifty, while losers were Yes Bank, HDFC Bank, IndusInd Bank, Adani Ports and Axis Bank.
The COVID-19 infection cases have risen drastically outside China, hurting major economies and disrupting supply chains. But many countries have poured in massive amounts of stimulus into their economies while central banks have flooded markets with cheap dollars to ease funding strains