Indian equity markets look past the latest stimulus

Fidelity Flash_26 February 2009_CI01140 - Free Legal Forms

The Sensex responded positively to the latest round of the economic stimulus package announced by the government. On Tuesday, 24th
February, the government of India announced a new round of tax cuts to stimulate demand in the economy by reducing excise duty and service
tax by 2% each.
However, the Sensex and other global equity markets struggled to stay in positive territory as many key equity indices, in Asia and the rest of the
world, touched multi year lows this week before staging a tentative recovery on Wednesday, 25th February.