Also read: Inside the rumble in India’s coding jungleAsian markets were also mostly lower as investors weighed rising coronavirus infections against the positive effects of new US and Japanese stimulus packages."A new and faster-transmitting strain of the virus in the UK is an area of concern.
This has led to further restrictions on travel and economic activity. Acceleration in the number of cases in the US and poor economic data are other dampeners.
However, the US Congress agreement on $900 billion of fiscal stimulus is likely to support markets. High valuation continues to be a concern in India.