RBI measures, global markets surge propel Sensex, Nifty to one month high

Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.

The benchmark indices rallied on Friday, buoyed by the support measures announced by the Reserve Bank of India (RBI), amid a strong rally in the global market. The Sensex closed at 31,589, up 986 points, or 3.2 per cent, while the Nifty soared 274 points, or 3.05 per cent, to end at 9,267. Both indices cl­o­sed at levels last seen a month ago after posting ba­ck-to-back weekly gains.

Most global indices surged, as investor appetite for riskier assets improved following progress in an experimental drug for treating Covid-19, and the US’ plan to revive its economy.