Market outlook: What's next after a sharp fall and a meteoric rise?

Going ahead it is likely that the sectors that were outperformers in the previous bull market may trail the market recovery

Indian market hit a wall in March as fears over rising cases of coronavirus threatened to push the global economy into a recessionary phase. The panic sell-off by foreign institutional investors (FIIs) led to massive liquidity outflow from domestic markets. The lockdown in India and a complete halt of economic activity across the globe due to rising cases of Covid-19 fueled fears of economic recession, one of the worst-ever in the last 150 years.

The sharp fall in the markets was followed up by the biggest monthly gain in nearly 11 years in April, defying weak macroeconomic conditions and a