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'You feel numb': India's markets keep rising as traders cope with Covid-19

Read more about You feel numb : India s markets keep rising as traders cope with Covid-19 on Business Standard. Booming markets have left industry swamped with work at a time when many employees have been sickened by the virus. ....

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Traders Grapple With Grief While India's Markets Keep Rising

(Bloomberg) As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a record-breaking boom in local markets.The world’s worst coronavirus outbreak has battered India’s economy and lifted its official Covid death toll to more than 318,000 a figure that experts say is likely a significant undercount.And yet investors continue to snap up Indian assets, fueling a 65% rally in the Nifty 50 Index over the past 12 months that has outpaced every other major equity benchmark worldwide. The measure’s surge to a record on Thursday has coincided with the fastest rate of Indian initial public offerings since 2017 and an unprecedented flood of foreign-currency bond issuance by local companies.While the combination of pandemic pain and financial-market euphoria is hardly unique to India, nowhere else has the contrast been so extreme.Bulls say the gains ....

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Covid-19: Traders grapple with grief while India's markets keep rising

India Business News: As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the ep ....

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Disconnect grows in India between Covid-19's ruination and record high markets

Disconnect grows in India between Covid-19’s ruination and record high markets
Investors continue to snap up Indian assets, fuelling a 66% rally in the Nifty 50 Index over the past 12 months
28 May 2021 - 13:28 Nupur Acharya, Divya Patil and Baiju Kalesh
India is experiencing a huge surge in Covid-19, one its health system cannot cope with. Picture: BLOOMBERG/REBECCA CONWAY
Mumbai As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a record-breaking boom in local markets.
The world’s worst coronavirus outbreak has battered India’s economy and lifted its official Covid-19 death toll to more than 318,000 a figure that experts say is likely a significant undercount. ....

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