Sensex Jumps 409 Points to End at 36,738, Nifty Settles at 10,813, After PM Modi's Address at India Global Week Summit
The Indian stock markets started on a positive note tracking firm cues from the global market. The Sensex was trading at 36,575, up 246 points. Nifty, on the other hand, was at 10,775, up 69 points (0.65 percent).
Mumbai, July 9: The Indian stock markets ended the day on a positive note backed by gains in the financial stocks. Investor sentiments further improved after PM Narendra Modi, at the India Global Week Summit, said India was seeing green shoots of economic recovery. "Story of global revival will have India playing a leading role," he said at the event. The Sensex zoomed 409 points or over 1 per cent to settle at 36,738. Nifty, on the other hand, ended at 10,813, up 108 points or 1 per cent.
On the other hand, India reported the highest single-day spike of 24,879 new COVID-19 cases and 487 deaths in the past 24 hours. The total number of coronavirus cases increased to 7.67 lakh, including 2,69,789 active cases. India Reports Highest Single-Day Spike of 24,879 COVID-19 Cases & 487 Deaths in Past 24 Hours, Coronavirus Tally Jumps to 7.67 Lakh.
Talking about the global markets, the Dow Jones Industrial Average rose 177.10 points, or 0.7 per cent, to 26,067.28, and the Nasdaq composite gained 148.61, or 1.4 per cent, to 10,492.50 to set another record. The S&P 500, which more index funds benchmark themselves against, rose 24.62 to 3,169.94 and is back within 6.4 per cent of its record.
(The above story first appeared on LatestLY on Jul 09, 2020 04:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).