InvestorQ : Why have the Nifty and the Sensex rallied so sharply on 26 March after such a sharp rally on Tuesday. Is it because of the FM package for the poor?
Anjana Aiyar made post

Why have the Nifty and the Sensex rallied so sharply on 26 March after such a sharp rally on Tuesday. Is it because of the FM package for the poor?

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Arya Nanda answered.
1 year ago
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The package announced by the FM was partially responsible for the rally in the market and it is good as it is the second day in succession that the markets are rallying so sharply. Also, there is an element of short covering ahead of the financial year end which is also resulting in the markets rising. The US $2 trillion package has also promised to gradually turn the FIIs into risk off investors once again. The markets are also celebrating that the momentum of the virus has not really picked up in India. That could be a major takeaway.

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