After a rollercoaster 2020 in which the Indian markets hit multi-year lows owing to uncertainty caused by the Covid-19 and later scaled record highs once the situation improved, the market has been relatively resilient during the second phase. Despite rising Covid infections, the benchmark S&P BSE Sensex has risen 3.66 per cent in 2021 (till May 10), so far.
That said, compared to their global peers, Indian bourses have underperformed thus far in calendar year 2021 (CY21), as most developed markets have gained around 14 - 15 per cent. Equity market is in a ‘vulnerable zone’ and are likely to