India city Mumbai covid-19 infection Waves India city Mumbai

Markets stare at uncertainty as covid second wave spreads fast

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Mumbai: The uncertainty in the market continued on Thursday as the second wave of covid infections in India and a possible third wave in parts of Europe wreaked havoc on investor sentimentsNervousness among investors could be felt in equities sell-off that has knocked off over 3% in benchmark indices in the last two days of trade despite two rating agencies upgrading India’s gross domestic product (GDP) target for financial year 2022.

But the relief is that the second wave is less intense than the first, said analysts.On Thursday, the BSE Sensex slipped 740.19 points or 1.51% closing at 48,440.12.

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