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The coronavirus pandemic and the market dynamics that followed infused huge changes in financial markets all over the world. One of the biggest such changes was the rise of retail investors.
India is currently in midst of a tsunami of Covid cases with daily numbers close to 4 lakh, which is 4x the peak of the first wave seen in 2020, and we don’t seem to be anywhere close to a peak yet. There are strong chances that there will be lockdown in more regions in May as the numbers climb. So far, the stock markets are blissfully ignoring the humanitarian crisis, assuming that this is a passing phase and all will be well in the next couple of months once the vaccination drive picks up. However, the pipeline for vaccine supplies is still uncertain. Unfortunately, the emotional drain would be much deeper and the fear of the third Covid wave will limit economic activities, despite the gradual opening up over a period of time.