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‘Advantage bulls’ despite fear of second covid wave in India, says market expert

Sumary of ‘Advantage bulls’ despite fear of second covid wave in India, says market expert:

  • Benchmark index Nifty opened at 14,855 today and rose to 14,875 at day’s high but has currently pulled back to 14,780 levels…
  • Asia-Pacific index advancing about 1% after the US Fed maintained its dovish stance and continued to project near-zero interest rates at least through 2023…
  • Fed chief’s comments that the accommodative monetary stance is appropriate and will continue through 2023 mean the ample liquidity condition and low-interest rate will sustain for an extended period of time…….

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