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Markets rise 1.8%, erase covid losses
“After last week’s weakness, our markets stabilized this week and in fact, it just took off in the last three days. This is mainly on the back of strong recovery in US markets ahead of the US election verdict, as the market seems to have absorbed most of the uncertainty from the event," said Sameet Chavan, chief analyst, technical and derivatives, at Angel Broking.To be sure, while the Sensex has recouped year-to-date losses, it is yet to regain its all-time high of 42,273.87 points clocked on 20 January this year.On Wednesday, Democrat Joe Biden won Michigan and Wisconsin, putting him closer to taking the White House from President Donald Trump.