Nifty is down 13% from it's peak. However, there has been a upward move this friday. Let's look at some reasons:
1. Finance Minister of India Ms. Nirmala Sitharaman indicated towards speedy economic recovery through GDP growth projection of 8.9%.
2. China slashes lending rates by 15bps & Asian Markets were also strong.
Other Financial News:
3. Reliance Retail will enter into beauty sector with 400 stores
4. Adani Enterprises will enter healthcare sector through Adani Health Ventures
6. LIC became 5th largest company of India market cap wise on it's listing day
7. Axis Mutual Fund sacks Chief Dealer Mr.Viresh joshi who was suspect of Front Running Scam.

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