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SGX Nifty was trading 100 points higher on Thursday morning amid positive global cues.
Assuring the industry of full government support, finance minister Nirmala Sitharaman on Wednesday urged the industry to wait and watch for next few days to assess the situation amid the second wave of Covid-19 pandemic. Along with the new vaccination guidelines and with the five-fold strategy adopted in handling the Covid cases — test, track, treat, Covid-19 protocols and vaccination — there will be a sense of reassurance, Sitharaman said.
With economic activities getting affected across the country due to curbs imposed by states amid surge in COVID-19 cases, Care Ratings has revised down its forecast for GDP growth to 10.2 per cent in 2021-22 from earlier projection of 10.7-10.9 per cent. This is the third revision by the rating agency in the last one month.