Sensex soars 1,411 pts, Nifty ends above 8,600; IndusInd, Airtel rally up to 45%

Equity markets surged as the Sensex climbed 1,411 points to close at 29,946.77, while the Nifty ended above 8,600 at 8,641.45. The rally followed the announcement of a Rs 1.70 lakh crore stimulus package aimed at mitigating the economic impact of the COVID-19 lockdown. IndusInd Bank and Bharti Airtel were among the top gainers, with stocks rising up to 45%. This marked the third consecutive session of gains for the benchmark indices, with only four Sensex stocks closing in the red.