Categories: Business

stock market ends in green as PM announces 20 lakh cr package


Stock market today

new Delhi. Due to the announcement of an economic package of Rs 20 lakh crore by the Prime Minister on Tuesday, the stock market has seen an increase today. On Wednesday, the Sensex has risen 637 points to 32009 and the Nifty has gained 187 points to 9384.

Investors are now eyeing detailed information about the relief package, according to experts, if the package is according to market estimates, then the market will increase further. Earlier many industry veterans had welcomed the announcement of the Prime Minister's relief package and described it as more than expected. This also made the signs positive for the market. However, due to lack of complete information about the package, investors are waiting for the complete package after registering indicative gains. The major indexes remained close to the same level after the gains throughout the business. This indicates that the market remains positive about the next signs. In the next 3 days, the Finance Minister will keep full information about the relief package.

Relief measures were most expected in the banking and finance sector. The government bank's index closed up more than 5 percent. At the same time, the entire banking sector index grew by about 4 percent. Financial services index and realty sector index rose more than 3 percent. On the other hand, the pharma sector declined by 1.16 per cent and the FMCG sector by 0.2 per cent.

This post was published on May 13, 2020 4:44 pm

Content Team

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