As fiscal stimulus generally refers to additional spending over and above budgetary allocation, the measures to boost income support announced in two tranches since Wednesday do not qualify as stimulus in true sense

Stock specific action was also seen in companies that recently announced their earnings. While shares of Escorts, Mphasis Consumer fell 4% and 1.5% post-earnings, shares of Kotak Mahindra Bank and Maruti gained 2.23% post Q4 earnings. ABB also fell 2.23% intraday post results.

FM Nirmala Sitharaman Speech on Economic Package Live Updates: Free Food grain supply to migrants for 2 months; about 8 crores migrants to benefit from this; Rs 3,500 crore will be spent on this intervention for 2 months

Finance Minister Nirmala Sitharaman to address media on 2nd announcement of economic package at 4 PM. Check where, how and when to watch live telecast, streaming

The finance minister's proposal of a 100 per cent government guarantee to banks for disbursing Rs 3 lakh crore to MSMEs would substantially increase the guarantee amount

While Adani Power share price gained 13.03% to Rs 36,  Tata Power stock rose 9.57% to Rs 33.2 on BSE. Tata Power share has gained 16.64% in last 3 days

Gautam Adani said that that the stimulus package could be a growth plank to push Make In India vision. Kunal Bahl said that MSMEs were India's backbone and government's announcement would help them to get back on their feet

Though Rs 90,000 crore stimulus to clear outstanding dues of independent power producers and generators is a positive step to ease liquidity pressure, appropriate structuring for bond issuance against guarantee will be critical to raise funds in current tight liquidity situation

Sensex, Nifty Live News Today: NTPC, Infosys, PowerGrid, Tech Mahindra, M&M, IndusInd Bank and ONGC were among the top laggards in the Sensex pack.On the other hand, Bajaj Finance, Nestle India, Kotak Bank, Sun Pharma and UltraTech Cement were among the top performers

Stocks to watch today on May 14: Maruti, Godrej Consumer, Siemens, Biocon, Tata Consumer, Escorts, ABB, Kotak Bank  among others are the top stocks to watch out for in Thursday's trading session

Major announcements today included Rs 3 lakh crore collateral-free loans for MSMEs, liquidity facility worth Rs 75,000 crore for NBFCs, and Rs 90,000 crore liquidity injections for power discoms

The industry is highly enthused by the shape of the first phase stimulus package announced by the Finance Minister for mitigating the economic costs of the COVID-19 crisis, says Vikram Kirloskar, President, CII

Lower demand from industrial users that pay the highest tariffs and cross-subsidise domestic and agricultural users is expected to further hit revenues of discoms

Power Finance Corporation and Rural Electrification Corporation will infuse liquidity worth Rs 90,000 crore into discoms against receivables and loans would be given against state guarantees for \"the exclusive purpose of discharging liabilities of discoms to gencos\"

Finance Minister Nirmala Sitharaman announced Rs 3 lakh crores collateral-free automatic loans for businesses, including MSMEs which will benefit 45 lakh units

Finance Minister Sitharaman Live on Rs 20 lakh crore Economic Package: FM Nirmala Sitharaman announced Atma Nirbhar Abhiyan. Provident Fund contribution of employers and workers is being reduced from 12% to 10% each of wages for the next 3 months, announced FM Nirmala Sitharaman. She added that the EPFO benefit will lead to more take home salary.

Coronavirus update: The slump would lead to a drop in carbon dioxide emissions of 8%, six times larger than the biggest fall of 400 million tonnes recorded in 2009 following the global financial crisis, according to the IEA, which described its estimate as conservative

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Alphabet Inc (GOOGL.O)  beat analysts' estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus; US President Donald Trump doubled down on China for failing to tame the coronavirus at its very origin, saying it has led to 184 countries \"going through hell\"; As the government gears up to lift the nationwide lockdown, Mahindra Group Chairman Anand Mahindra has pointed out the complex challenge of planning an exit strategy from the coronavirus lockdown. Watch this and more on News Blast.Also Read: Coronavirus impact: Power discoms to record Rs 20,000 crore loss in FY21, says ICRA

The average thermal PLF (plant load factor), which determines the capacity utilisation for power companies is expected to fall from 56 per cent in fiscal 2020 to 54 per cent in 2020-21 against an earlier projection of 60 per cent