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Nifty races past 10k on liquidity burst - will it sustain?

Usa India city Mumbai covid-19 economy crisis Races
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MUMBAI: With markets awash with liquidity, courtesy balance-­sheet expansion of central banks, India’s frontline Nifty 50 index swiftly soared past the psychological 10,000 mark.

In just five trading days, it has notched up more than an 11% rise. Globally also, equities have raced ahead with some of the top markets such as the US leading the rally.

Some of that good cheer has rubbed off on India, especially now as the country begins a phased exit from an over two-month long lockdown and looks at kickstarting the economy.

The fact that foreign investors have turned buyers of equity of more than ₹10,134 crore in the past three days has only fuelled the rally.

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Deaths: 608 235
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Deaths: 141 607
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Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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