The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular
This is the third time Sebi has extended the curbs
At current levels, it is time to be overweight on equities
Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
Interestingly, all the 50 Nifty components have delivered positive gains during this period.
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
The rally was mostly due to positive global cues that saw the US markets close firm on Monday on hope of an economic recovery after a successful early-stage trial of a coronavirus vaccine
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
Sale of anti-infectives (11% of domestic pharma market) fell by 21.5%, while gynaecological and dermatological drugs fell by about 23%
For the sake of context, the financial crisis of 2008 had seen the S&P 500 fall by more than 50 per cent from its peak
The NYSE is the only US exchange that still operates stock trading floors alongside electronic trading
Most global markets surged as investor appetite for risk assets improved due to the progress of an experimental drug for treating covid-19 and on US's plan to reopen its economy.
The spread of Covid-19 and the accompanying mayhem caused the S&P BSE Sensex to drop over 38.5 per cent from its all-time high of 42273.9 to a low of 25981.2 on 23rd March.
The Sensex declined 1 per cent to end at 30,379.81 after rising as much as 2.9%, while the Nifty dropped 0.8% to close at 8,925, after rising to 9,261
In a Q&A, Naveen Kulkarni says earnings growth for F21 could go down to minus 15 per cent, depending on the extent of extension
Drop in world commerce might be biggest since the Great Depression
Sentiment improves as virus spread shows signs of slowing
While the rupee hit its lifetime low of about 76.30 a dollar, the 10-year bond yields fell to 6 per cent, as Covid-19 led to an unprecedented slide in financial assets worldwide
Bleak growth outlook, lack of steps to revive economy remain concerns
Sub-optimal responses against viral pandemics and crony lending would keep resurfacing if voters do not hold govts accountable