Rising Covid cases in India a non-event for markets for now: Analysts

Sentimental impact of bank failures in the US, global growth slowdown, state elections in India, and RBI April 6 policy in their aperture

Rising Covid cases are not a spot of bother for the markets, at least for now, say analysts who believe there are bigger worries to navigate in the short to medium term.

India clocked a single-day jump of 3,641 Covid cases as the active caseload rose to 20,219, according to official data released on Monday. The daily positivity rate, meanwhile, was recorded at 6.12, while the weekly positivity was pegged at 2.45 per cent.

The tally has risen to 530,892 with 11 deaths — three from Maharashtra and one each in Delhi, Kerala, Karnataka, and Rajasthan — recorded in 24