No Knee-Jerk Move On Bumpy Roads

Markets have remained resilient throughout the second wave of Covid turmoil. They have galloped their way with both the Nifty and Sensex touching new highs. In fact, even the most optimistic investor wouldn’t have thought the Sensex to scale the 50,000 peak after the mayhem it went through when the BSE market cap fell to `101. 86 lakh crore on March 23, 2020, following the rise in Covid cases and lockdowns. Having said that, though markets have mostly seen an uptick, continuous flow of news and conversations regarding the new Delta Plus variant, a string of restrictions and a possible third wave hitting in the next few months have taken a toll on investors’ confidence sending them into a tizzy. These have affected the psyche of investors and, as a result, have made the markets volatile. In the current situation, it’s essential to be patient and find out ways to counter...