The stimulus plan which was expected on Saturday finally came on Sunday from the Govt side. The Govt of India has announced a stimulus package of Rs 32,000 crore to boost the ailing economy and prevent further slide in some sectors like Infrastructure, exports etc. But many economists and analysts feel that it came very late and is too few too do something worthwhile. Goldman Sachs says” the stimulus package would help certain sectors but it would hardly alter the aggregate demand slowdown.

The stock markets too discounted the positive developments over the week end of RBI slashing the key interest rates and then the Rs 32,000 crore Stimulus package from the Govt. As expected the markets opened a huge gap open and then it could hardly sustain the uptrend for too long.The intra day calls given in the blog did extremely well today.

Sensex closed the day at 9162 levels after a rise of 197 points and Nifty closed up by 69 points at 2784 levels.Most of the Asian markets closed in green today including Nikkei-225,Hang Seng.The US markets are also set to open with a huge gap up today on Obama announcing the largest infrastructure spending package since the 1950 in USA. The US stock futures were trading 2.23% up today which indicates a huge gap up opening.So tomorrow we can see a positive opening again if US markets are able to sustain the good opening.

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