Sensex, Nifty rise as RBI announces fresh Covid relief measures
India Today
By 10:59 am, the blue-chip NSE Nifty 50 index was up 0.63% at 14,588.40, while the benchmark S&P BSE Sensexrose 0.60% to 48,544.21.
Indian shares gained on Wednesday, led by heavyweight financials, as the central bank rolled out a series of measures to support the coronavirus-ravaged economy, including allowing certain small borrowers more time to repay loans. Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has asked lenders to provide a fresh moratorium to certain small borrowers, which will be available to individuals and small and medium enterprises that did not avail any restructuring in 2020. "Small businesses and financial entities at the grassroot level are bearing the biggest brunt of the second wave of infections," Das said, as he announced a slew of other measures to enhance liquidity and boost lending to various needy sectors.More Related News