Indian stocks recover sharply as global markets stabilise – Gulf Today

Indian stocks recover sharply as global markets stabilise – Gulf Today

Indian stocks recovered sharply in afternoon trading on Friday after tumbling earlier in the session as major global markets were lifted by hopes that a US stimulus package could help limit the economic damage from the coronavirus outbreak.. The markets have gained as the trade resumed around 10.20 a.m. after a 45 minutes halt as both the indices touched their 10 per cent lower circuit during the initial trade.. In a bid to calm nerves in stock markets, security market regulator the Securities and Exchanges Board of India (SEBI) on Friday said it is prepared to take 'suitable' action along with the exchanges when required.. The statement comes on the backdrop of the recent bloodbath in the Indian stock market in line with global indices.. On Friday, trade was halted for 45 minutes both on the BSE and the National Stock Exchange (NSE) after the Sensex and Nifty50 touched the 10 per cent lower circuit..