స్టాక్ మార్కెట్లను కూడా ఆకర్షించని ఆర్థికమంత్రి||FM fails to lure stock market||
Benchmark equity indices tumbled on Monday, led by losses in banking and financial stocks, as market participants gave a thumbs down to Finance Minister Nirmala Sitharaman’s Rs 20 lakh crore stimulus package announced over the last week, eroding Rs 3.6 lakh crore of investor wealth. This was the third consecutive day of fall for both Sensex and Nifty.
Extension of the nationwide lockdown for the third time to May 31, escalating tensions between the US and China and warnings of an impending recession in India also hurt the market sentiment. Firm cues from global peers failed to provide any respite from the selloff.
Sitharaman walked a tightrope between providing relief, taking care of the fiscal space and avoiding a sovereign rating downgrade while announcing Stimulus 2.0
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స్టాక్ మార్కెట్లను కూడా ఆకర్షించని ఆర్థికమంత్రి||FM fails to lure stock market|| Benchmark equity indices tumbled on Monday, led by losses in banking and financial stocks, as market participants gave a thumbs down to Finance Minister Nirmala Sitharaman’s Rs 20 lakh crore stimulus package announced over the last week, eroding Rs 3.6 lakh crore of investor wealth. This was the third consecutive day of fall for both Sensex and Nifty. Extension of the nationwide lockdown for the third time to May 31, escalating tensions between the US and China and warnings of an impending recession in India also hurt the market sentiment. Firm cues from global peers failed to provide any respite from the selloff. Sitharaman walked a tightrope between providing relief, taking care of the fiscal space and avoiding a sovereign rating downgrade while announcing Stimulus 2.0