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Markets may continue to be volatile, Asian shares cautious

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Indian stock markets are expected to stay volatile on Monday as investors cautiously weigh the impact of ₹20 trillion economic package.

SGX Nifty, down 0.4%, suggests a weak opening for Indian benchmark indices. The government has further extended the nation-wide lockdown till 31 May.

Goldman Sachs on Sunday said India’s economy may contract by a huge 45% in the June quarter and the projected 5% fall in gross domestic product (GDP) for 2020-21 will be deeper compared to all “recessions" India has ever experienced.

Reliance Industries Ltd (RIL) shares will be in focus today. On Sunday it said New York-based private equity giant General Atlantic will invest ₹6,598.38 crore in its digital assets subsidiary, Jio Platforms Ltd.

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