April 2020: Sensex posts highest monthly gain

Boosted by strong rallies in pharma, software, financials and IT stocks, the sensex closed the month with a gain of 4,213 points — its best ever monthly rise — at 33,718 points, a six-week high. In terms of the 14.3% gain that the sensex notched up in April, it was the best in the last 10 years, official data showed.

Interestingly the gains came despite the rising number of coronavirus patients in India and foreign fund selling as the country remained under lockdown for over a month. However, to India’s advantage, the price of crude oil is at a multi-year low.

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