NEW DELHI, March 26 -- Nearly a year ago, as India entered a nationwide lockdown, the Nifty 50 index fell to a low of 7,610. Since then, of course, the benchmark index has staged a stunning recovery, rising as much as 94%.
A year later, India is facing a second wave of covid-19, with cases rising in the key industrial state, Maharashtra. But markets don't appear too perturbed by it. What is the explanation? "In other countries, where the second and third covid-19 waves have happened, the performance of their respective stock markets has been a mixed bag. While in some countries performance has been weak, in many other instances, the second and third waves have not led to market movement as such," said Sanjay Mookim, head of research at JP ...