31: Why the markets were lukewarm to the Rs. 20 trillion economic package

Initially, the Indian stock markets were excited about the Rs20 trillion economic package. In fact, the pre-opening rates had suggested a 5% jump in the markets. However, markets rose only 2% on Wednesday, with the initial excitement wearing off. In absolute terms, BSE’s total market cap rose Rs. 2.3 trillion, as compared to the Rs5.5 trillion rise pre-opening rates had suggested. So what caused the excitement to ebb? Find out here.