The BSE 30 sensex index finished the day at 1,265.66 points, or 4.23% more, at 31,159.62. During the day, he zoomed in from 1,331.24 points to 31,225.20.
Under the impetus of the recovery of shares, the market capitalization of companies listed on the BSE advanced from Rs 3,98,934.79 crore to Rs 1,20,81,461.88 crore.
“Indian markets in line with global markets were up again today due to the forecast of infection and the announcement of further stimulus measures. This upward trend appears to be a short bear market recovery term and may not be sustainable, “said Geojit’s chief financial officer. Vinod Nair said.
“In India there is speculation that the package could help the hardest hit sectors and MSMEs may get some relief from the package to be announced,” he added.
From the 30-share pack, 26 companies closed with gains with auto stocks stealing the show.
Mahindra and Mahindra were the main winners, up 16.74%, followed by Maruti Suzuki (13.16%), Titan (11.12%) and Hero MotoCorp (9.65%).
In a larger market, the midcap and smallcap indices reached 3.63%.
All sectors closed with gains, driven by the automotive industry which rebounded 10.26%, followed by consumer durables, finance, telecommunications and banking.
At BSE, 1,872 certificates have progressed, while 538 have decreased and 166 have remained unchanged.