More pain in store for markets, say experts amid fear of further lockdowns

Market analysts are expecting choppy sessions for the Indian markets in the coming days. Analysts said that fears of further lockdowns and other restrictions have brought back fears of global economic recovery getting affected. And risky assets have come under pressure.

The benchmark indices fell for the last three sessions as rising Covid cases brought fresh worries about disruption in economic activities. Many Asian countries had imposed restrictions in some form to contain the Delta variant of Covid-19. The slow rollout of vaccination in India has compounded fears.

“Markets are getting affected because of the  Delta variant overseas. We are