The surge in Covid cases continues to be a concern for the economy By V K Vijayakumar, Geojit Financial
Below are Views On The surge in Covid cases continues to be a concern for the economy By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
''The surge in Covid cases continues to be a concern for the economy & markets. However, the saving grace is that since the lockdowns & restrictions are sporadic, the impact on the economy will be insignificant. Investors can hedge against the uncertainty surrounding the second wave with reduced exposure to economy-facing stocks and higher exposure to IT, pharma & FMCG segments. Rupee depreciation is another tailwind for IT. A distinct trend in the market is the outperformance of mid-small-caps, which is likely to continue. Even though Nifty is up only 0.7% in April so far, many mid-small-caps have appreciated by more than 10 and 20%. This stock-specific action is likely to continue irrespective of the market trend"
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