Indian stocks remain resilient despite Covid surge as investors hang on and try to look longer term

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Despite the second wave of Covid ravaging India, the BSE Sensex is still up more than 3% so far this year, while the Nifty 50 index has jumped about 7%.

India's domestic financial markets have braved the Covid-19 headwind so far, despite the devastating second wave of the pandemic ripping through the country.

Hugh Young, chairman of Aberdeen Standard Investments in Asia, said he is "a little surprised" by the resilience of India's stock market in the face of the unfolding tragedy. On Monday, India reported another 366,161 new cases and 3,754 more deaths. That brings total reported cases in the South Asian country to over 21.49 million while fatalities exceed 234,000.

 

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Hedge Funds are selling in preparation to StockMarket crash!

You should talk about Ford and plunge the stock since the company re-called almost a million cars oh wait your hypocrisy by not saying anything because well it ain’t Tesla!!

Rupee!👏

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