BENGALURU 08.06.2020 – During this coronavirus lockdowns Indian shares rise on 8th June, 2020 lifted by procure in financial and information technology stocks. The sentiment was further uplift as Asia’s third largest economy. After easing of lockdown amid hopes of recovery in economy.
The NSE Nifty and S&P BSE have gained over 11% in the past two weeks. The NSE Nifty 50 blue chip index rise 1.5% to 10,297 by 0445 GMT, while the S&P BSE Sensex was up 1.42% at 34,773.67.
The assistant vice president of research at SMC Global Securities in New Delhi Saurabh Jain said that Opening up of the economy and the way Indian corporates are raising money have boosted the markets. Investors were earlier frightened about the impact of the lockdown on the economy. Now, things are not as bad as they looked.
Sensex, Nifty over 1% due to financial growth as lockdown abates
