Second Fiscal Stimulus package to help labour intensive sectors may be announced in the evening today. The package may help stock markets as it will address the concerns of various sectors and will boost the sentiment. Experts believe that the second package will offer major help to various labour intensive sectors. In addition, the government may announce some ammendments to earlier package announced last month.

CNBC-TV18 has confirmed the reports from PMO sources that a package may be announced after market hours, around 6 pm. Market experts believe that India will be able to maintain a GDP growth above 7%.

Stock Markets were trading stronger on Friday after a weak opening. NSE Nifty was up by 40 points at 3073. BSE Sensex was trading well above 10,000 mark with a gain of 132 points. Among sectoral indices, BANKEX was up by 130 points, followed by BSE Metals, Oil and Gas, Capital Goods and BSE PSU indices.

Satyam Computer Services was trading lower in the morning after touching an intraday high of Rs 185.90 on NSE. The stock has bounced back around 2.30 and is currently trading marginally higher than yesterday’s close.