How will Indian markets react now that Covid-19 impact has stabilised in US, but oil has not? Anil Singhvi explains
With the Coronavirus impact in the US stabilising to an extent, Wall Street jumped yesterday thereby fueling global sentiments. However, crude oil price is still in the plunging mode and it may well damage the market rally.
Number of death cases in the US have gone down for second consecutive day. It has fueled the morale of Wall Street investors and hence we witnessed rally in the Wall Street indices.