Taking Stock: Nifty signs off April series 14% higher, posts second biggest weekly gain in 9 years

Extending the gains into the fourth consecutive session, Indian equity benchmarks Sensex and Nifty ended at fresh seven-week high on April 30, supported by robust buying in auto, metal and technology stocks amid positive global cues.

Reports of successful trials of a COVID-19 vaccine also influenced the mood of the market. Media reports suggested that Gilead’s drug to treat COVID-19 has shown encouraging results.