The benchmark indices rallied on Friday, buoyed by the support measures announced by the Reserve Bank of India (RBI), amid a strong rally in the global market. The Sensex closed at 31,589, up 986 points, or 3.2 per cent, while the Nifty soared 274 points, or 3.05 per cent, to end at 9,267. Both indices closed at levels last seen a month ago after posting back-to-back weekly gains.
Most global indices surged, as investor appetite for riskier assets improved following progress in an experimental drug for treating Covid-19, and the US’ plan to revive its economy.
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