Will covid second wave end bull market in India?

All Things Markets

There is a growing concern about the rise of covid cases and the second wave engulfing the country. Markets have lost around 8-9% from record highs touched in February while foreign institutional investors (FIIs) have turned net sellers of Indian equities first time in seven months. As more states have joined the worst-affected state of Maharashtra in entering quasi-lockdown possibly hitting consumer demand and overall economic revival. So, where are the markets headed now? Will corporate earnings revival reverse now? To discuss that Mint's Nasrin Sultana is joined by Pankaj Murarka, Founder, Renaissance Investment Managers.