Covid collapse on Dalal Street, Headlines that shook the markets and what to expect ahead | Editorji
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Covid collapse on Dalal Street, Headlines that shook the markets and what to expect ahead

Apr 12, 2021 17:24 IST | By Editorji News Desk

Sensex and Nifty saw almost a zero recovery rate from the get go of trade as the financial capital Mumbai geared for an impending lockdown. Brokerages such as Nomura have already started to cut GDP forecasts on fears of yet another shutdown. Here are the headlines that shook investor sentiment-:

  • 1.68 lakh new cases, the highest single-day rise 
  • India is now the second most infected country in the world
  • Daily new cases in India double in just ten days.
  • India now accounts for one in every six daily infections worldwide.
  • Recovery rate falls below 90%, Death rate highest since October

Even the news of Sputnik V is not enthusing the market watchers as logistics for the Russian jab which needs a minus 18-20 degree Celsius cold chain to remain stable remains a big concern. 

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