However, PM Modi said there will be no National Lockdown as of Now and has urged State Govts To Use Lockdown as a Last resort to contain COVID-19. This is positive for the overall market as it gives a direction for the market that the economy will remain open.
He has asked People to form Local Groups to ensure they follow COVID PROTOCOLS, LOCKDOWN will not be needed.
PM accepted that there is a shortage of Oxygen across the Country and assured that steps are being made to ramp up the production. This is going to be positive for the oxygen-producing companies.
Pharma companies work highly Appreciated and this is overall positive for the market.
The overall impact of the address will be positive on the market and pharma companies and oxygen-producing companies in particular.
However, coming Thursday we need to be cautious as global trends are down and generally Indian markets mirror the global trends barring when local fears overtake the global trend.
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