21-day lockdown must be backed by stimulus measures: Brokerages

Possibly taking lessons from the demonetisation experiment, the lockdown is expected to be backed up by an economic package and monetary policy support

Most brokerages are synonymous in their view that the 21-day lockdown is a bitter pill needed to ensure that the economy remains healthy in the long run. However, they say the move needs to be backed by stimulus measures. Edited excerpts:

Edelweiss

This is the Big (crisis) one — human, economic, financial (HEF). The HEF is more severe than the global financial crisis (GFC). The over 30 per cent fall in the markets reflects the HEF uncertainty; economic dislocation, earnings rips, and more fundamental resets will follow. We expect volatility to continue; near-term market and stock calling, particularly