Sensex, Nifty jump over 7% in seven sessions on positive outlook

The Sensex rose 601 points, or 1.54 per cent, to end at 39,574 on Tuesday - the highest since February 27; Nifty 50 index rose 159 points, or 1.4 per cent, to end at 11,662

The benchmark indices logged a fresh high on Tuesday since the global outbr­eak of Covid-19 after gaining sharply for the fourth straight day. Stocks exte­n­ded gains on optimism around the US stimulus and a positive outlook given by India’s largest housing finance firm. 

The Sensex rose 601 points, or 1.54 per cent, to end at 39,574 — the highest since February 27. The Nifty 50 index rose 159 points, or 1.4 per cent, to end at 11,662. Both benchmark indices have rallied over 7 per cent and posted gains in six of the past seven sessions.

In an exchange filing, Housing Development