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Below are Views On The markets continued to remain extremely subdued with losses during the course of the whole week By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management

The markets continued to remain extremely subdued with losses during the course of the whole week, across sectors and segments. The main reason for the downtrend is the rising cases of the virulent pandemic which is causing unimaginable damage to human life across larger states. While the governments and the healthcare systems are battling it out, it may take some time before we may be able to see some light. While complete lockdowns have been avoided there have been a number of shutdowns at some of the major plants and factories. While the fundamentals support a robust economy, it is too early to assess the potential damages, which is why even the markets have not reacted sharply so far. But the probability, of the resurgence of the pandemic impacting growth and therefore, earning, is quite high for the first two quarters of this year. These factors would continue to dominate the market in the coming weeks too.

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