“Although market pared gains, Sensex hitting the psychological 60,000-mark intra-day signifies investors’ faith in the domestic economy. While stock markets may look a bit pricey, India’s long-term growth potential does bring some stability at a time when the economic slowdown in key economies is staring at recession fears,” said Amol Athawale, Deputy Vice President – Technical Research, Kotak Securities Ltd.
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on