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The market seems a little caught up in macro concerns Covid resurgence and earnings. Your view? I don’t think Covid concerns are bothering the market as otherwise, it wouldn’t have rallied for the last three-four days. Last quarter’s results are going to be very good except for some auto stocks which got hit due to rising input prices and also may be some other consumer durables companies. Most managements believe that post lockdown, the bounce-back would be similar to what happened the last time. But it looks like a tough act to follow. Last year, there was no inflation; this year inflationary pressures are very high. Last year, fear was more and the actual number of people who got infected was very less. This time, it is across the board, Extended families, people we know seem to have got this infection this time. So, the post Covid bounceback is not going to be as rapid. That will be a challenge for investors.

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