Markets may remain on tenterhooks amid fears of new Covid-19 strain

Analysts say investors should use this fall to accumulate quality stocks

The markets can remain under pressure for the next few days amid fears that the new coronavirus strain may lead to renewed lockdowns and travel restrictions, impacting the global economy.

India, on Monday, joined the list of countries suspending all flights from the UK, even as the latter imposed a more stringent lockdown. The surge of liquidity from overseas investors, the primary driver of Indian equities in the past few weeks, is also expected to dry up over the next few days with the onset of the holiday season.

“The new virus strain has already resulted in travel restrictions and is likely