Indices jump reined in by global risk aversion amid Covid-19 fears

The Sensex gained 638 points or 2.03% to close at 32,009, while the Nifty rose 187 points or 2.03% to close at 9,384

The benchmark indices rose 2 per cent on Wednesday, ahead of a press briefing by Finance Minister Nirmala Sitharaman to outline the Rs 20-trillion relief package. 

The Sensex gained 638 points or 2.03 per cent to close at 32,009, while the Nifty rose 187 points or 2.03 per cent to close at 9,384. Both indices closed at their highest since April 30.

Gains were less than what the SGX Nifty had indicated. The Nifty futures contracts traded on the Singapore bourse had soared 5 per cent on Tuesday, after PM Modi’s announcement of the Rs 20-trillion package.

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