As we approach the end of India’s 21-day lockdown on 14th April, it is becoming clear that many states, if not all, will have to continue with the lockdown for some more time.
Many had voiced concerns that 21 days of lockdown isn’t enough for many states.
Odisha and Punjab have already announced an extension of their lockdown till the end of April.
In a press conference on Friday, the health ministry maintained that they still see no proof of community transmission in India.
The ministry also assured that India had 3.28 crores tablets of the key drug hydroxychloroquine in stock and that exporting to other nations like the US and other nations was not compromising our preparedness.
Hydroxychloroquine is a drug used against malaria which has shown great promise against SARS-Cov-2.
The markets, on the other hand, are going through very interesting times.
This week saw the markets gain nearly 9% in a single day - the highest single-day rise in Sensex since 2009.
HUL - Hindustan Unilever Ltd overtook HDFC Bank to become the 3rd largest company in India.
AMFI data seems to suggest SIP investors are continuing their SIPs - monthly SIP values throughout this fiscal year have been between Rs 8,100 crores and Rs 8,600 crores with March seeing inflows of Rs 8,641 crores.
The number of new SIP folios also jumped by 2.47 lakh in March totaling 3.12 crores.
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