Chart of the Day | How rising COVID-19 cases are affecting the broad equity market
Equities rode out the first wave on support from central banks, government and hopes of unlocking and vaccine discovery
April 20, 2021 / 10:47 AM IST
Domestic equity markets are wearing a glum look in the second wave, as a fully unlocked economy and an apparently more infectious variant have led to a rapid increase in infections. The latest daily new cases’ figure is at 273810 compared to a high of 97894 in the first wave that peaked in September 2020.
In the chart titled Second Wave, you can see that a rising trend in cases is matched by a falling trend in the Sensex,...