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    Market may see relief rally; Morgan Stanley cuts target of 3 stocks - Moneycontrol.com thumbnail

    After witnessing the biggest ever fall in history on March 23, the Indian indices saw some recovery and ended on a positive note ahead of some relief package likely to announce by the government.The Finance Minister (FM) has announced some relaxation which will be beneficial for companies and the public but it doesn’t have any meaningful impact on the market. However, FM has hinted that the economic package will be announced soon.”The sustainable recovery will only materialize once Nifty closes above 8,300 zone for a few sessions. Financials have been worst hit, expect a sharp short-covering rally in this space once broader recovery happens. A larger relief rally towards 9,000 is possible
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