103: 18.08.2020 | Markets rise to 5.5 month high

Markets ended at 5.5 months high on Tuesday with benchmark indices at pre-COVID levels. Indian equities kept gaining strength during the course of the day, as opposed to mixed global market cues. US-China political tensions and the uncertainties over the US stimulus package kept global markets on edge. In India, investors took comfort in the expectation of government spending to offset the impact of lockdown and progress of the monsoon and its relation to the rural economy also improved sentiments. The BSE Sensex ended at 38,528.32, up 477.54 points or 1.26%. The Nifty closed at 11,385.35, up 138.25 points or 1.23%.