INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Thursday's session on a negative note, halting a rally that lasted eight consecutive sessions, despite
equities in other parts of Asia scaling a more than two-year peak
The S-P BSE Sensex index fell 303.04 points - or 0.70 per cent - to 43,290.63 at the weakest level of the day, and the broader NSE Nifty 50
benchmark declined to as low as 12,692.00, down 57.15 points - or 0.45 per cent - from its previous close
markets recovered most of initial losses in the first few minutes of trade
At 9;24 am, the Sensex traded 61.16 points - or 0.14 per cent - lower at 43,532.51 while the Nifty was down 15.15 points - or 0.12 per cent
fresh round of stimulus totalling about Rs 1.5 lakh crore this week to help pull the economy out of its historic contraction, officials said
providing liquidity and collateral-free credit for small businesses but with little actual spending.On Wednesday, it announced
production-linked incentives worth about Rs 2 lakh crore spread over five years for manufacturers in 10 sectors.Meanwhile, other Asian
but some analysts warned of the risk of a correction lower.MSCI's broadest index of Asia-Pacific shares outside Japan was last seen trading
0.44 per cent higher, nearing its highest since January 2018
Chinese shares rose 0.37 per cent while Japanese shares were up 0.62 per cent at a 29-year high.The gains in Asia came after a mixed
COVID-19 vaccine progress and the likely timing of an economic rebound.
