Why Sensex is on the rise?

0

The Sensex which was at its lowest ebb ever in history, thanks to Coronavirus, has now seen a steep rise since 2 days by 721 points at 31,452.

The increase mostly confined to Bank shares and construction companies shares. No sooner, Prime Minister Narendra Modi declared that the areas fall under green zones may be relaxed from the lockdown after April 20, the Sensex began to rise. The COVID is currently confined to 307 districts having metropolitan cities besides there are 350 non-affected areas in the country.

Currently, the shares of various Banks, Pharma, Construction, Steel & Cement shares are raising. And the trend would continue in the days to come as well.