Boosters package raises two lakh crores in one day

Boosters package raises two lakh crores in one day

The announcement of capital of more than two lakh crores for government banks

Market participants also say that, despite the booster package, a major reason for the increase is not the impact of losses on the government treasury i.e. fiscal deficit.

Boosters package raises two lakh crores in one day Market participants also say that, despite the booster package, a major reason for the increase is not the impact of losses on the government treasury i.e. fiscal deficit.
Investors earn two lakh crores in a single day

New Delhi: After the announcement of a capital of more than two lakh crores for government banks, the value of investor’s investment on the BSE rose by nearly two crores rupees a day. On the other hand, major market indices BSE Sensex and NSE Nifty were closed at record highs.

Finance Minister Arun Jaitley on Tuesday announced the booster package to give a boost to the economy, it proved to be a good deal for the stock market on Wednesday. Under the package, it has been decided to provide capital of two lakh 11 thousand rupees for the unsecured loan ie NPA-leased government banks. The result was a lot of shopping in all the banking shares on Wednesday. Alam was on BSE

– Punjab National Bank shares closed at Rs 201 paise 90 paise after more than 46% jump

At the same time, Bank of Baroda paid more than 31 percent and finally 188 rupees 20 paise.

– State Bank of India will get 324 rupees and 70 paise after 27 percent increase

– ICICI Bank closed at 305 rupees and 60 paise with a jump of more than fourteen percent.

Since the government has also flagged the Rs 7 lakh crore road project under the booster package. This led to the rise in cement and infrastructure companies. Something similar was the result of that

– The 30-share BSE Sensex closed at 33 thousand 42 with a rise of 435 points.

On the other hand, the 50-share Nifty climbed nearly 88 points and finally ended at 10,295.

– There is an increase in investment in BSE ie market capitalization of Rs 1.96 lakh crore.

Market participants also say that, despite the booster package, a major reason for the increase is not the impact of losses on the government treasury i.e. fiscal deficit. At the moment, experts say that given the global developments, the market will see more ups and downs. It is thus better that small investors will take the route of mutual funds.

The booster package for government banks has brought smiles on the face of investors. Now to see whether the banks bring smiles to the borrowers’ faces or not. It would be necessary to reduce interest rates on bank loans. If the pace of debt increases, then new projects will be started and more people will be able to get employment. If this happens then the benefit of the booster package will reach as many people as possible.

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