Sensex ends 605 points higher, Nifty at 9,553

Domestic stock markets ended in the green for the third day in a row and the Nifty went past 9,500-mark for the first time since 16 March.

Sensex surged 605.64 points or 1.89 per cent to 32,720.16 while the Nifty was up 155.25 points or 1.65 per cent at 9,536.15 at the close.

Moody’s Investors Service on Tuesday slashed India’s growth forecast to 0.2 per cent for the 2020 calendar year from the earlier projection of 2.5 per cent released in March. Stating that the economic costs of the shutdown of the global economy are accumulating rapidly, Moody’s in its Global Macro Outlook 2020-21 (April 2020 Update) projected that all G-20 advanced economies would contract by 5.8 per cent in 2020.

The Indian rupee settled stronger at 75.67 per dollar as compared to Tuesday's closing of 76.18 against the US dollar.