For Quick Alerts
For Daily Alerts

4 Reasons the Sensex Has Surged 1000 Points Today


The Sensex has surged nearly 1000 points in trade today, led by a strong rally in global stocks. Here are 4 reasons why the Sensex has surged almost 1000 points in trade.

4 Reasons the Sensex Has Surged 1000 Points Today

1. Treatment for Covid-19

Pharma major, Gilead Sciences has said that early results of coronavirus drug trial show improvement with shorter remdesivir treatment. Remdesivir is a product of Gilead Sciences and is widely considered to be a front-runner among the investigational therapies being tested as treatments for COVID-19.

"As part of the FDA's commitment to expediting the development and availability of potential COVID-19 treatments, the agency has been engaged in discussions with Gilead Sciences regarding making remdesivir available to patients as quickly as possible, as appropriate," FDA spokesman Michael Felberbaum said in statement.

2. Opening-up of the lockdown

Even as Covid-19 infections in India crossed the 33,000 mark, investors remained hopeful of opening-up of the economy after a lockdown.

3. Hopes raised for a stimulus

Markets were also looking at the possibility of an economic stimulus measures to be announced sometime later this week. The stimulus package is likely to be targeted at the most impacted, MSME sector.

4. Short covering ahead of expiry

Today is the last day for expiry of the April F&O session. There could be some short covering rally on account of which the markets have surged.

Read more about: sensex
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more