20 Lac Cr Worth of Economic Package Announced

Friends,

Nifty is trading at 9439 at SGX right now, this is up by more than 200pts over what it closed here yesterday since after the economic relief package worth 20 lac crs announced by PM last evening. Nifty had touched high of 9650 in the intervening period.

I do think that today’s closing will be way up but this am saying with spinach of salt because the details about implementation of package and financing of it are yet not known. I however stick to my estimate of Nifty touching 16500 mark by May ’21.

Krishna Khandelwal

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