(Video) Rajya Sabha TV (RSTV) The Big Picture: V Shaped Recovery & Sensex's Rise

Topic: V Shaped Recovery & Sensex's Rise

Guest:

Nilesh Shah, (MD, Kotak Mahindra Asset Management)
Jayant Dasgupta, (Former Secretary, Economic Advisory Council)
Prof. Charan Singh, (CEO, EGROW Foundation)

Topic Description:

Predicting a V-shaped economic recovery, the central bank of India has said that if growth momentum continues and inflation stays mild, then there will be a room for policy action to support growth. This observation came in the State of the Economy report released by the Reserve Bank of India (RBI). This comes at a time when the top bank started draining out the surplus liquidity in the money markets, to stave off an economic crisis as a result of COVID-19 pandemic. The consumer confidence is expected to increase from January 2021, peak in July 2021 and continue till September, said the report. Meanwhile, investors took some profit off the table on Friday after markets scaled historic levels a day before, when the BSE Sensex surpassed the 50,000-mark for the first time. Sensex ended near the day's low at 48,878.54, down 746 points dragged by Reliance, ICICI and the HDFC twins. Bajaj Auto remained the best performer through the day.