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India Stocks Surge 20% From March Low, Set for Bull Market
The benchmark Sensex jumped 4.4% as of 3:08 p.m. in Mumbai. That takes gains to 20% from its most recent low reached on March 23
09 Apr 2020, 10:16 PM IST 
A street stands empty near the Bombay Stock Exchange (BSE), center, during a lockdown imposed due to the coronavirus in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
(Bloomberg) -- India’s stocks joined other Asian markets to enter a technical bull market on optimism that government steps will help contain the coronavirus outbreak and stimulus packages will ease the economic damage.
The benchmark Sensex jumped 4.4% as of 3:08 p.m. in Mumbai. That takes gains to 20% from its most recent low reached on March 23, an increase that some analysts consider as entering a bull market.
India has implemented the world’s biggest lockdown to contain the spread of the virus. The government unveiled a $22 billion fiscal stimulus package along with other support measures.
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