Stocks Bounce Back On Fabulous Friday

But Worst Week Since 2008 Meltdown

Indian shares rebounded strongly to finish 6% higher on Friday in line with the recovery in global stock markets as central banks and governments across the world launched fresh efforts to tackle the adverse economic fallout of the coronavirus pandemic.

The Sensex and Nifty snapped their four-day losing streak as domestic sentiments turned positive on hopes of a stimulus package after Prime Minister Narendra Modi announced a financial task force to support sectors battered by the pandemic, experts said.