Sensex rallies over 1,000 points, BPCL jumps by 14%

Equity indices bounced back from yesterday's decline and closed over 3 per cent higher on the last trading day of the financial year 2019-20 (FY 20) tracking gains in global markets. A sizable improvement in Chinese manufacturing data for March supported the market sentiment. Investors, however, continued to track development related to coronavirus and measures taken by the government to minimise its impact. Sensex closed 1,028 points or 3.62 per cent higher at 29,468 while the Nifty 50 nudged higher by 317 points or 3.82 per cent to 8,598. All sectoral indices at the National Stock Exchange were in the positive zone with Nifty FMCG up by 5.7 per cent, metal by 5.2 per cent, pharma by 4 per cent and IT by 3.6 per cent. Among stocks, Bharat Petroleum Corporation clocked a dramatic jump of 13.56 per cent to wind up the day at Rs 312 per share as global crude oil prices plunged to their lowest level since 2002.