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Markets extend gains as China eases Covid curbs; Sensex up 1,041 points

Sensex, Nifty rise 4% in three trading sessions, paring monthly losses

stock markets

Analysts said traders were trying to gauge whether the massive FPI sell-off was coming to an end as they were buying battered stocks

Sundar Sethuraman Mumbai
The easing of Covid-19 restrictions in China and the healthy gains posted by Wall Street stocks last week triggered a sharp rally in global equities on Monday. 

Mirroring gains in Asian markets, the benchmark Sensex added 1,041 points, or 1.9 per cent, to finish at 55,926, while the Nifty ended the session at 16,661 with a gain of 309 points. Both the indices have risen over 4 per cent in the past three sessions. The latest gains have helped the markets pare monthly losses to just 2 per cent, after dropping as much as 8 per cent.

The curbs on

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First Published: May 30 2022 | 11:58 PM IST

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