Just three weeks ago, investors in the NSE and financial markets were given a run for their money by the bear. But from Thursday last week, an uneasy calm was abruptly restored on the market. Central Banks and governments across had come out guns blazing in a bid to cushion the economy from an imminent shock by a new unseen enemy, the CoronaVirus. Investors are risk takers, most of them had thought of this as the lowest point of the market, but was it really the lowest point? Or it was just a dead cat bounce?
In the U.S, the S&P 500’s rout which began on Monday towards close of trading accelerated Wednesday after U.S. intelligence sources said China concealed the extent of the virus outbreak and as data showed growing case counts in New York and Italy. Economic reports in Europe continued to disappoint, and concern rose about the coming U.S. earnings season.
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