Unlock 5.0 - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

The Ministry for Home Affairs (MHA) announced further relaxations in restrictions on the 30th of Sep 2020 which were along expected lines. Under Unlock 5.0 the Government has allowed reopening of Cinemas, theaters and multiplexes with upto 50% capacity from the 15th of October. Other major relaxations include reopening of schools and coaching institutions in a graded manner from the 15th of October subject to state approvals and conditions. SImilarly the cap on Social, Sports, entertainment, political gathering has been increased from 100 persons subject to either 200 persons or 50% of capacity for indoor events. While no such restrictions have been imposed for outdoor events organisers have to follow SOPs including ensuring wearing of masks and social distancing. Unlock 5.0 has been along expected lines and in line with our view that the Government will keep reopening the economy incrementally as the Covid-19 situation keeps improving. While Unlock 5.0 is a positive development for the markets there is a risk of surge in infections later on as the economy is opened up further.

Source : Equity Bulls

Keywords