Fidelity, invesco look to buy into India's coronavirus-led stock slump

Progress in India's vaccination campaign and relatively less-disruptive lockdown measures are seen offering some support to Asia's third-largest economy and its equity market.

Even as traders in India fret over how much more pain the nation’s uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market.
 
Concerns that a fresh round of lockdown-like rules triggered by the new virus wave will derail India’s nascent economic recovery have made the benchmark S&P BSE Sensex Asia’s worst performer in April, bringing it on the verge of technical correction this week. Weakening sentiment has also seen foreign funds turn net sellers of local shares after a six-month buying spree.
 
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