Cheer returns to Street after 7 days; Sensex rises 480 pts, metals shine

In the preceding seven trading sessions the Sensex and the Nifty had crashed nearly 8 per cent amid a global sell-off in risky assets.

The equity markets snapped their seven-day losing streak — worst in five years — after the central banks pledged to repair the economic damage due to the coronavirus. Most Asian and European markets rallied after the US markets climbed 5 per cent overnight. The volatility also cooled off as investors judged recent losses as excessive.
 
The benchmark Sensex rose 480 points to end at 38,624, while the 50-share Nifty gained 170.6 points to settle at 11,303.
 
In the preceding seven trading sessions the Sensex and the Nifty had crashed nearly 8 per cent amid a global sell-off in