News From Press Markets surge over 100% from lows seen in March ’20

Markets surge over 100% from lows seen in March ’20

Since March lows, investor wealth has swelled by Rs101 trillion as they piled on stocks betting on a faster than expected recovery in the economy

Mint Feb 9, 2021

India’s equities markets have not only recovered but also doubled from March last year when the lockdown imposed to contain the spread of the coronavirus sent markets in a freefall. With the rally on Monday, benchmark indices BSE Sensex and Nifty have soared more than 100% from the lows hit on 24 March. The BSE mid and small cap indices surged 106% and 125% respectively during the period.

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