Historic rally: Sensex jumps 476 points to new record high of 58723
(Gujarat News Correspondent) Mumbai: Mumbai, Wednesday With the central government today announcing a major relief package for the troubled telecom sector and approving a Rs 302 crore PLI scheme for the automobile sector, as well as good monsoon progress in the country, the funds rebounded all-round in stocks today, taking the market to historic highs. The third wave of Coro's transition, which is not immediately worrying in India and has led to a global boom in market stocks, ignoring global negative factors as industrial and economic activity is on the rise. On the international front, however, reports that the transition to the China Delta forced a complete lockdown of a city of 4 million people and that the epidemic would further slow down economic recovery in the world's superpowers, including the United States and Europe, have raised concerns in global markets. This led to an aggressive rally in funds in IT-software services stocks in anticipation of growing business op...