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Market LIVE: Sensex jumps over 1,800 points, Nifty up 6%; RIL surges 20%

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European markets rise sharply

Key indices in Europe opened sharply higher, with London’s FTSE gaining 3.8% in opening deals. CAC index in France was up 3.6%, while Germany’s DAX index rose 3.4% in the early trade.

Top Nifty gainers, losers

Reliance Industries surged nearly 20% followed by Kotak Mahindra Bank, Maruti Suzuki, UPL and Axis Bank on the Nifty 50 index, while IndusInd Bank, Coal India, ONGC, ITC, Indian Oil Corporation led the losses.

Jindal Stainless closes Odisha plant

The stainless steel maker said it has shut down its manufacturing facility at Jajpur in Odisha with immediate effect in the wake of the coronavirus outbreak. The suspension will continue until further directives by the central and state governments.

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