Analysts with varied views have the 2008 global financial meltdown as the nearest comparable to the Covid-19 pandemic. But they are agreed on one thing: the need for caution.
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
