How will 18+ vaccine for all affect markets? Anil Singhvi reveals what will boost market mood
Now that the way has been cleared for all those above 18 years to get Covid-19 vaccine, Zee Business Managing Editor Anil Singhvi has highlighted 3 other important things that will ensure fear gets reduced in the market
Now that the way has been cleared for all those above 18 years to get Covid-19 vaccine, Zee Business Managing Editor Anil Singhvi has highlighted 3 other important things that will ensure fear gets reduced in the market.
Key important pointers that will reduce Covid fears among people:
1) There is increased effort to increase the supply of Oxygen
2) Easy availability of Remdesivir and other medicines in the market
3) Easy availability of the beds in the Hospitals and Vaccination among people of all ages
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Singhvi said lockdown and Night curfew measures were already in place to avoid unnecessary movements. Singhvi said that these things will reduce Covid fears in the market. People are not as fearful as compared to last year due to Coronavirus pandemic. He said last year people were not aware how long this can continue, nor was there any clarity on vaccine and when it will come and in what form.
Stock market participants too are worried due to the rising Covid cases over the past few days. Market participants are aware that last year the way Nifty and Sensex tumbled, will not happen again now.
18+ Vaccine For All का बाजार पर कैसा असर?
किन 3 चीजों से सुधरेगा बाजार का मूड?
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Singhvi said it is important to monitor when the Covid cases will start coming down, It could be in the first week of May or a little later. Reduction in Covid cases or implementation of measures to avoid spread of Virus or control the situation will give comfort to markets, said Singhvi.
Singhvi said that the US markets closed weak yesterday, Asian markets are not strong enough but still SGX Nifty indicates strong opening of Indian markets. This indicates that markets are confident of winning the fight with Corona going forward. Reduction in the number of daily Covid cases would boost the sentiments of Market participants. Then markets will make a bottom out and reverse from there.
Singvhi said there are several measures taken by the Central and state Government in the last 24 hours. Measures are taken to supply Oxygen and Medicines, to make beds available in hospitals. Efforts are taken to fight against rising cases which are definitely appreciated by the markets.
Singhvi said that Markets always price-in the future and the confidence in the market shows that Covid situation will ease going forward and the worst will be over sooner or later.
Notably, Singhvi said that Markets are in a Bull run, and the falls will be small. Investors should take the opportunity to buy quality stocks for their portfolios.
Singhvi said that volatility will remain in the markets based on the daily news. Panic situation in the market should be used to buy.
He said it is difficult to predict whether markets will bottom out at 14200, 13800 or 13200.
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