Market watchers maintain the biggest gain for the markets has clearly come from the liquidity thrust in advanced economies of the US, Europe and Asia April was the best performing month in 11 years for Indian stocks, underscoring the growing disconnect between the stock markets and the real economy battered by the novel coronavirus pandemic that is showing little signs of abating.
The more than 14% rally in shares in April was overdone, according to some experts who cautioned that a 6% decline in May so far is an indication that more pain may be in store.
They said that in mirroring global peers, which are flush with liquidity thanks to a host of stimulus measures, stock markets in India have run ahead of themselves even as they take cues