Best monthly gain in Apr. for Sensex in 11 years
Possible virus drug adds to vigour
- Indian equity benchmarks rose for the fourth consecutive day on the back of strong global cues to register the best monthly gain in almost 11 years.
- The 30-share Sensex, that gained 1,167 points during intra-day trades to touch a high of 33,887.25, ended the day at 33,717.62, up 997.46 points or 3.05%.
- The benchmark Sensex rose 14.42% in April, which is the highest monthly gain since May 2009 when the 30-share barometer had gained 28.26%.
- Incidentally, the significant gains have come on the back of a 23.05% fall in March — the worst monthly fall since October 2008.
- Meanwhile, the broader Nifty gained 306.55 points, or 3.21%, to settle the day at 9,859.90.
- The U.S. Federal Reserve has committed to continue its support to fighting the economic impact of the pandemic while keeping interest rates at near zero.
- Foreign portfolio investors net bought almost ₹1,970 crore while their domestic counterparts net bought ₹579 crore on Thursday.