Benchmark Sensex breached the 33,000-mark for the first time while the Nifty too ended at a fresh life high today as markets gave a thumbs-up to the government's Rs 9 lakh crore package to boost the economy.
The 30-share Sensex surged 435.16 points, or 1.33 per cent -- its biggest single session gain since May 25 when it had surged 448.39 points -- to close at a new peak of 33,042.50.
The broader 50-share Nifty finished at its fresh lifetime high of 10,295.35, up by 87.65 points, or 0.86 per cent.
The government yesterday announced various measures to spur the economy, including a Rs 2.11 lakh crore recapitalisation plan for PSU banks and a massive Rs 6.92 lakh crore road building programme. (PTI)
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.