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Share Markets Close At Record Levels As FM Sitharaman’s Relief For Realty Sector, Global Cues Brighten Hopes For Economic Revival
Representative image. (Manoj Patil/Hindustan Times via Getty Images)
Despite weakness in the Indian economy, the equity markets continued to hit record levels in expectation of a revival. Nifty Realty index jumped by 0.88 per cent after Finance Minister Nirmala Sithraman, announced a Rs 25,000 crore fund relief fund for distressed homebuyers.
The benchmark Sensex closed at record level while the Nifty closed above the critical 12,000 mark over improved global cues. The Sensex closed 183.96 points higher at 40,653.74 while the Nifty closed 50.05 points higher at 12,016.10.
Besides the global markets have also gained after China and US agreed to a phased removal of tariffs that have brightened hope for a trade deal.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
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