Last week: NIFTY50 -6.2%, Midcap -5.3%, Smallcap -4.1%, Sectoral: PHARMA 0.2%, BANK -10.1%, METAL -9.9%

Market Updates:

• Economy set to revive: FM
  FM has stated that public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore to 41.8 lakh accounts, during March-April 2020. She noted that these borrowers hail from a variety of sectors like MSMEs, retail, agriculture and corporate, waiting for disbursal soon after the lockdown is lifted. The finance minister said that the economy is poised to recover.
• Govt working on structural reforms in sunrise sectors
  Niti Aayog CEO Amitabh Kant has said the government is working on a package of structural reforms across sunrise sectors – healthcare, education, mobility, genomics, AI, 5G network, fintech and manufacturing as high priority areas for rapid and radical structural reforms. He stated that manufacturing would be a key focus area for the government in the post-COVID-19 period.
• SIDBI to launch digital ‘India SME Services Platform’ for SMEs
  The platform, ‘India SME Services Platform’, designed by SIDBI, will give MSMEs information about starting operations, getting finance or credit enhancement and other support services. It will also provide details of schemes being implemented by the central government, state governments, banks and industry associations.