New Delhi. Soon after Prime Minister Narendra Modi announced a 21-day lockdown in the country in the wake of the coronavirus outbreak, leading stock exchanges NSE and BSE said they will carry out normal operations on Wednesday. Also Read - Coronavirus Lockdown: Sensex Tanks Over 2,800 Points, Rupee Falls Further Against USD
The BSE said the operations would be normal at the exchange on Wednesday. “BSE day to operations @BSEIndia will continue,” the bourse’s MD and CEO Ashishkumar Chauhan said in a tweet. Also Read - Sensex Starts Over 500 Points Higher, Nifty Above 8,200 Level
In his address to the nation, PM Modi said the Central government has allocated Rs 15,000 crore for coronavirus testing facilities, PPEs, ICUs, Ventilators and training of medical workers.
Saying that the Central government is taking all measures to ensure continuous supply of essential commodities, PM Modi said all essential services will continue and remain functional during the lockdown.
Earlier in the day, equity benchmark Sensex bounced back to close 693 points higher as investors noted governments across the world taking prompt economic measures to offset the financial damage from the Covid-19 pandemic.
Union Finance Minister Nirmala Sitharaman, earlier in the day, said an economic package to help through the coronavirus lockdown was in works even as fresh cases of virus spread reported from various parts of the country.
After rotating 1,823.97 points, the BSE gave up some gains to end 692.79 points or 2.67 per cent higher at 26,674.03. It hit an intra-day high of 27,462.87 and a low of 25,638.90. On the other hand, the NSE Nifty settled 190.80 points, or 2.51 per cent, down at 7,801.05.