Nifty climbs 4% … US Future gains over 200 point …. Short covering expects ahead of weekly expiry
Sensex climbed up over 1100 points and Nifty surged 324 points (4%) in the afternoon trade led by auto, pharma and metal stocks. Market hope that the government may announce further stimulus to boost economy. USDINR slipped 3 paisa to 76.3 while it has touched all time high of 76.55. US index futures traded positive and strong opening European market. Expects short covering in the market after a rally in the global markets.
