Sensex extends recovery, surges 1,411 pts; Nifty ends at 8,641

Thursday,   26-Mar-2020   04:09 PM (IST)

Stock market rallied for the third consecutive day on Thursday as the constant efforts by the government to tackle the economic fallout and business disruption due to Covid-19 lockdown kept the market participants buoyant. The S&P BSE Sensex ended 1,411 points or around 5 per cent higher at 29,947 levels while the NSE's Nifty50 ended 324 points or around 4 per cent higher at 8,641 mark.  World share markets fell on Thursday as nerves over jobs data likely to lay bare the economic carnage from the coronavirus pandemic outweighed a $2 trillion US stimulus package. Europe’s broad Euro STOXX 600 fell 1.6 per cent, with bourses in Frankfurt, London and Paris all down around 2 per cent as a two-day rally faltered. The sour mood was worsened by slumping consumer morale in Germany and data showing stagnant retail sales in Britain last month, even before the virus hit. Asian stocks witnessed a mixed session, where MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.7 per cent but regional performances varied. The Nikkei snapped three days of gains with a 4 per cent drop, while Australia’s benchmark rose for a third day - its longest winning streak in six weeks.