The greatest aspect impacting trader sentiment today will be the 21-day nationwide lockdown declared by Primary Minister Narendra Modi yesterday to incorporate the spread of rapid-spreading novel coronavirus — the COVID-19. The nationwide lockdown came into outcome on Tuesday midnight and will keep on until eventually April 14.
In the US, the Dow soared eleven.37 per cent, its greatest one-day share attain considering that 1933 just after US lawmakers explained they were being close to a deal on a $2 trillion stimulus package deal to control the coronavirus pandemic’s financial toll. The S&P five hundred jumped nine.four per cent and the Nasdaq Composite rallied more than eight per cent.
Asian shares extended their rally on Wednesday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose one.3 per cent with Australian shares mounting four.five per cent and South Korean shares attaining four per cent. Japan’s Nikkei included 2 per cent.
(With inputs from Reuters)