Markets recover after 52 week low

Indian markets touched their 52 week low.  At 12.27 p.m. BSE SENSEX touched 22568; while Nifty 50 quoted 6977, dragging almost more than 600 and 200 points respectively. There were various announcements like only Rs 25000 crore money for PSU banks’ bad loan capitalisation. The Finance Minister declared tax dispute resolution scheme. Another important announcement that was a part of the market movers and shakers, was the enabling of voluntary disclosure of income for black money. FM introduced special patent regime with 10% tax on exploitation of intellectual property worldwide.  The fiscal deficit target for April to Jun will be set at Rs 5.3 lakh crore.After positive declarations, markets witnessed recovery and now SENSEX is trading at 23168 and Nifty 50 at 7040. Indian markets experienced a shift from red to green.