The second wave of Covid-19 could hinder the budding Economy says Equity Marketers
COVID-19 pandemic has put the level of the economy in an untidy state but with the time and situation under control, the Equity markets are feeling a sense of relief with the reopening economy so as to increase the pace with which economy is growing.
However, the current pandemic is yet to reach its peak and the evaluation has lead investors to draw the conclusion that the rise in cases can be seen in the coming future. This second wave of COVID-19 will have a direct impact on the budding economy. The impact was seen in the US market where 7 percent downfall was witnessed on Thursday, the biggest fall since March.
Some of the sectors have really improved during the re-establishment of the economy like stock markets, the technology-focused Nasdaq index and other sensitive sectors such as realty, automobile, and banking have spotted the best returns. Indian market still remains down by 20 percent this year. COVID-19 has resulted in around 10 million cases with nearly 0.5 deaths around the globe. The re-establishment of the economy do not clearly promise success but definitely opens new doors for investors.