MUMBAI: Indian stock markets jumped over 3% on Friday as liquidity boosting measures announced by Reserve Bank of India and firm positive global cues lifted investor sentiment.
The BSE Sensex ended at 31,588.72, up 986.11 points or 3.22%, while the 50-share index Nifty closed 273.95 points or 3.05% higher at 9,266.75.
Analysts feel that markets' focus is now on how far these measures will help in containing the economic fallout of the nationwide lockdown.
RBI governor Shaktikanta Das has announced measures to infuse liquidity in the system and also reduced reverse repo rate to prompt banks to increase lending.