By Palka Chopra, Senior Vice President, Master Capital Services
The Covid-19 pandemic is perhaps one of the most economically costly health emergencies in recent history. Its spread has severely impacted the global financial markets. Global equity markets, including Indian markets have rallied a lot since the last market crash. While the stock market was at its peak in February 2020, the sudden outbreak of pandemic triggered a freefall in share prices thereafter. But equity markets seem to be riding the second wave confidently, despite the economic activity in India having been derailed by the ongoing Covid-19 crisis. Market participants seem to be taking comfort from the government decision not to go for a full-scale lockdown, the vaccination to all adults, and hopes of things normalising in a couple of months.
The Financial Sector in India