Indian stock markets may continue to be under pressure following weak global cues. Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus (COVID-19) could last for months, doing untold harm to economies.
There was much uncertainty about whether funds would have to buy or sell for month and quarter end to meet their benchmarks, many of which would have been thrown out of whack by the wild market swings seen over March.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2%, while South Korea shed 2.7%. Central banks have mounted an all-out effort to bolster activity with rate cuts and massive asset-buying campaigns, which has at least eased liquidity