While the second wave of the pandemic is a cause of concern By V K Vijayakumar, Geojit Financial
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Below are Views On While the second wave of the pandemic is a cause of concern By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"While the second wave of the pandemic is a cause of concern, it does not warrant a panic reaction in the market. Lockdowns & restrictions will only be localised and unlikely to severely impact economic recovery. The fact that we have vaccines will pre-empt extreme fear and panic. Also, businesses have learned to adapt to the new normal. TCS' results confirm that we are in a multi-year upcycle in IT. So it makes sense to remain invested in top quality IT names along with pharma. Bank Nifty is down 18% from the peak on asset quality concerns arising out of the second wave. Weakness in the Financials segment will give opportunities to investors to buy high-quality names in leading banks, mortgage and fintech companies"
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