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Can the Fresh Threat of COVID-19 Push Indian Equity Markets Down and Cause Wealth Erosion? Feb 23, 2021 Despite witnessing some consolidation in the past few days, the Indian equity market continues to trade at all-time high levels. However, amidst the exuberance, there are reasons to be cautious about your investments. Here is why. Even after a year since COVID-19 began to spread India and the world continues to reel under the impact of the pandemic. Countries such as USA, Brazil along with many European countries have seen no respite in curbing the virus yet. On the other hand, after reaching a peak of nearly 1 lakh new cases in the month of September, India witnessed a massive drop in cases in the subsequent months. But this success wave hasn t lasted long, on Sunday, India added 14,199 cases, making it the fifth consecutive daily jump.

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