MARKET LIVE: Sensex up 700 pts as govt eases lockdown rules from April 20

Lavern Vogel

Indian markets rose on Wednesday, lifted mainly by pharma and FMCG stocks, following positive cues from global indices. That apart, government’s move to ease lockdown rules starting April 20 also boosted sentiment. On Wednesday, the government permited industries to operate in rural areas, manufacturing to start in Special Economic Zones […]

Indian markets rose on Wednesday, lifted mainly by pharma and FMCG stocks, following positive cues from global indices. That apart, government’s move to ease lockdown rules starting April 20 also boosted sentiment.

On Wednesday, the government permited industries to operate in rural areas, manufacturing to start in Special Economic Zones (workers will have to stay within their premises or in “adjacent buildings”), though the transportation will have to be arranged by employers. Food processing in rural areas will also begin from April 20. Restrictions have also been eased for the construction sector. READ ABOUT IT HERE 

The S&P BSE Sensex was up 714 points, or 2.3 per cent, at 31,380 levels and the Nifty50 index hovered around 9,200 level, up 210 points. Sun Pharma and Larsen & Toubro (both up 4%) were the top gainers in the Sensex pack. Meanwhile, Metropolis Healthcare fell nearly 14 per cent after two large trades on the NSE. All the Nifty sectoral indices were in the green, led by Nifty Pharma, up 3 per cent.

 

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