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Sensex extends gains to second week. Why some market experts are cautious

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Here is what analysts said on today's market action:Sanjeev Zarbade, VP PCG Research, Kotak Securities“Global markets were in a consolidation mode after previous weeks of strong rally.

Fresh spikes in Covid-19 cases and reports of further rift between the US and China on trade front, restricted further gains.

The Sensex, however, continued to remain firm and gained 440 points for the week. Market mood remained buoyant on expectations of earlier-than-anticipated normalization of activities, as most states committed to remain open despite continuous increase in daily Covid cases.

Markets are seen entering a consolidation phase in the coming weeks with no major trigger. Geopolitical concerns and possibility of second wave of Covid-19 remain.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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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