$900 bn stimulus package in US and concerns over new Covid 19 variant: Anil Singhvi gauges impact on stock markets
The Market Guru said that among the new developments, there were some things that are known and some are unknown. The US stimulus package of USD 900 billion was a known factor and the good point is that it has come without much rigour. The size of the package is good. The US markets are already responding positively to this development, Singhvi said
The Market Guru said that the US economy is not as strong as it should have been. The markets will continue to gain strength from the low interest rates and presence of liquidity