Amidst the negative of an alarming rise in Covid cases By V K Vijayakumar, Geojit Financial
Below are Views On Amidst the negative of an alarming rise in Covid cases By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Amidst the negative of an alarming rise in Covid cases, a relief from the market perspective is that there is no large- scale lockdown. But the massive restriction of economic activity in economically significant state of Maharashtra is bound to have its impact on growth and earnings. The market knows this, but what is unknown is how long will this last and how quickly we can get ahead of the infection cases. The market is driven by the hope that in this race between the pandemic and vaccination, the latter will ultimately win. But what price we will have to pay for this is clouded in profound uncertainty. Pharma & IT could be safe defensive plays at this juncture. Investors can move on to economy-facing stocks when the daily Covid cases start steadily coming down"
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