Covid-19’s second wave stings equity markets
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
recovery
April 2021
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RBI holds rates; unveils new measures
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
Economic recovery: India’s arduous ascent
The signs of a pick-up hold out hope, but regaining lost ground is the tough task ahead.
RBI relief for Covid-19 pain
Monetary policy committee keeps rates unchanged; central bank announces new measures to mitigate pandemic woes, as it sees 9.5% contraction in real GDP for FY21.
Economic recovery likely to be gradual: Das
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
Equity markets make a V-shaped recovery
The markets seem to have overcome over Budget blues as the benchmark Sensex rallied over 900 points on Tuesday.
Market veterans say the bull run has begun
The S&P BSE Sensex closed above 40,000 points on Wednesday after nearly five months. It has gained more than 4,190 points in 27 trading sessions since September 19.
