The Indian stock markets witnessed a sharp sell-off on Monday, indicating investors do not expect the multi-tranche ₹20-trillion government package will help in ameliorating the near-term humanitarian or economic crisis.
Sentiment was also dented because the lockdown extension to 31 May restricts mobility, further hurting business and economic activities.
The BSE Sensex ended at 30,028.98, down 1068.75 points or 3.44% on Monday while the 50-share index Nifty was at 8,823.25, down 313.60 points or 3.43%.
Rise of the volatility index or India VIX of 7.58% to close at 40.90 also means that once again there is an increase of anxiety and fear among investors.