Unlock 5.0, hopes of US Covid stimulus lift Sensex, Nifty over 1.5%

Sensex, Nifty post weekly gains of 3.5 per cent

The benchmark indices rose on Thursday, buoyed by the easing of restrictions in India and hopes of the US announcing a stimulus package. The Sensex ended the session at 38,697, a gain of 629 points or 1.6 per cent. The Nifty gained 169 points or 1.5 per cent to end the session at 11,417. Both ended the truncated trading week with gains of close to 3.5 per cent.

On Wednesday, the central government announced guidelines to ease restrictions outside containment zones, allowing cinema halls, entertainment parks to open from October 15.

The number of additional Covid-19 cases has eased to the lowest