Indian government has swung into action in early March and Indian Prime Minister Narendra Modi announced lockdown all over the country.

Infosys, Reliance Industries, Tech Mahindra, Kotak Mahindra Bank, HCL Technologies, ITC and ONGC offer a good buying opportunity.

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%.

NSE Nifty gained further and has managed to gain 91 points compared to previous close. BSE Sensex gained 303 points.

Reliance Infra was major gainer with stock trading Rs 34 higher at Rs 566. The stock touched an intraday high of Rs 571.7 on BSE. Other gainers included HDFC, Reliance Communications, SBI, ITC, NTPC, L&T, Sterlite and ONGC.

Jim Walker of Asianomics feels that India will outperform. However, Jim expects Indian GDP to remain in range 3-5%. Jim also expects that there may be further sell off in Indian markets. The valuations will become attractive and will offer decent returns.

Tata Power touched an intraday high of Rs 705. The stock however declined from day’s high and was trading at 695.

With Citigroup's stock plummeting last week, over fears about its exposure to toxic mortgage assets, regulators are reportedly working on plan to bail out the embattled bank, saying the US government would guarantee more than $300 billion in company assets, while injecting an additional $20 billion in capital. In return for the cash infusion, the government would get an additional ownership stake of $7 billion in Citigroup.

The Live Earth India concert, to be held at the Andheri Sports center in Mumbai on December 7, will be a show to watch - major artistes from across the globe, including Roger Waters, Bon Jovi, and Amitabh Bachchans and a host of others will be seen in action!