beaten-down stocks such as financials, telecom and high-quality drugmakers amid expectations that Asia’s third-largest economy may recover faster than expected as it gradually unlocks from the world’s biggest lockdown.Mirroring the rush of first-time investors who drove record sign-ups at U.S.
brokerages including Robinhood, India has seen about 1.8 million new accounts opened since March. The benchmark S&P BSE Sensex is down 14% for the year even after rebounding from the worst sell-off since 2008.The Sensex has rebounded 36% from its March 23 bottom, as local policymakers and governments globally added stimulus to counter the devastation caused by the coronavirus.