Corona markets outside the 'ICU'

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(Gujarat News Representative) Mumbai, Ta. March 20, 2020, Friday

With the global market plummeting from the world plagued by the Corona epidemic, with the crisis in several countries' markets today, Indian stock markets along with the global markets have also steadily risen to break the recession at the end of this extraordinary upheaval. With the recovery in the US stock markets on the global front, crude oil international prices surged by $ 25 to Brent's $ 29 late yesterday evening, rising $ 1.29, to close at $ 29.76, and Nymex crude also rose $ 1.95 to $ 27.17.

Following the rise of the Dow Jones Index 188 points and the Nasdaq index 161 points in the US stock markets yesterday, European markets also rose sharply in the opening Indian stock markets, with Hanging 1096 points higher in Asian countries markets.

Private bank stocks, including HDFC Bank, Kotak Mahindra Bank, were aggressively involved in huge short cover of FMCG stocks of funds against offloading and oil-gas stocks, IT-software services, telecoms stocks with metal-mining and other-metal banks. Sensex jumps 2129.97 points to 3041, with value-added short cover in finance stocks At the end of the trading session, the rise of 1627.73 points to 29915.96 and the Nifty spot jumped by 482 points to close at 8,845.45. The US dollar rose four paise to 75.73 against the rupee today. Thus, the Sensex today recorded the largest jump since May 2009.

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