Indian market opens in green during early trade
Mumbai/IBNS: A day after PM Narendra Modi announced the mega 20 lakh crore economic package to tackle the COVID-19 crisis, the market commenced on a positive note on Wednesday as Sensex moved up by 814 points to stand at 32185.90.
Nifty on the other hand surged ahead by 228.55 points to stand at 9425.10.
The market showed an upward trend a day after PM Narendra Modi addressed the nation on lockdown issue.
During the address, Modi pitched for his favourite "Make In India" campaign to build a self-reliant India while announcing a mega 20 lakh crore economic package, the second since the Covid-19 outbreak, besides almost notifying an extension of the ongoing lockdown- Lockdown 4.0- but with "different colours" hinting that the stringencies might be reduced.
Modi said the package targetted for all sections of the society will focus on land, labour, liquidity and law.
"The package will be for all farmers as well as middle class people who pay income tax with honesty," said the PM though the details of the package will be disclosed by Union Finance Minister Nirmala Sitharaman in coming days.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
