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05.06 - 13:37
Markets breathe easy but need to brace for a tough earnings week
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With the government’s ₹21 trillion stimulus package announced and the partial reopening of the economy gathering pace, stocks seem set to consolidate the coming week.
The stimulus package was among the key indicators whether the revival would be faster or gradual. Going by the market’s sideways reaction, investors seem to be settling for a slower recovery.
The package addressed supply-side constraints and offers good liquidity to and ease bottlenecks in several sectors, particularly agriculture and small enterprises.
Some of the highlights of the stimulus package are the easing of the rules of The Indian Bankruptcy Code. The government’s focus on stress in the rural sector with ample support to farmers through various schemes is also a
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