Domestic stock markets will remain closed on Friday on the occasion of ‘Good Friday’. With this, the currency, commodity, and bond markets are also going to be closed. Normal trading will resume in all markets from April 13, i.e., Monday. Many of the world’s major stock markets will remain closed on Friday.
In the three trading sessions this week, the stock markets jumped 13 percent and declined for seven weeks. This is the biggest weekly boom of domestic markets since May 2009. Last Monday, stock markets were closed on the occasion of Mahavir Jayanti.
After Thursday’s session, the BSE Sensex jumped 1265.66 points, or 4.23 percent, to 31,159.62. The Nifty 50 index also jumped 363.15 points, or 4.15 percent, to close at 9,111.90. The MidCap and SmallCup indexes gained 3 to 3.5 percent.
U.S. stock markets on Thursday also registered a good spurt. Dow Jones gained 1.22 percent, while the S&P 500 index jumped 1.45 percent. The Nasdaq Composite ended the session trading with a gain of 0.77 percent.
Ajit Mishra, research vice president of Religare Broking, said, “Continuous buying in FMCG and pharma stocks from lower levels have shown a spurt in the market, but it could be a partial relief as our economic impact will dominate the business agreement. On Thursday, most Asian markets saw a boost. It is expected that COVID-19 has reached its peak and that governments can announce relief packages to bail out their economy. Crude oil production is also expected to be agreed upon.
On Thursday, foreign portfolio investors once again shopped in the Indian stock market. During the last session, they bought shares worth Rs 1737.62 crore in net. However, domestic institutional investors sold net Rs 466.02 crore.
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