A good Friday for stock markets: Sensex rises 835 pts, Nifty ends at 11,050

According to reports, the Narendra Modi government is just weeks away from announcing another round of stimulus measures ahead of the festive season.

The Indian stock market rebounded on Friday as investors lapped up beaten-down stocks on hopes of a stimulus announcement. During the market hours, reports emerged that the government was planning to unleash a big fiscal stimulus to revive the economy and create jobs. Also, global investor sentiment was positive after US Representatives started drafting a new stimulus bill, which included $2.4 trillion of spending. However, doubts remained whether the bill would have the Senate's backing.
 
The Sensex closed at 37,389 with a gain of 835 points, or 2.3 per cent — the most since June 1, while the Nifty50