A vendor carries trays of dried fruit during the festival of Dhanteras at the Lajpat Nagar market in New Delhi, India. (Photographer: Prashanth Vishwanthan/Bloomberg)
While central banks globally and locally are starting to taper emergency accommodation introduced during the Covid crisis, the risk-taking behavior that these policies induced may not wind down in a hurry, said Neelkanth Mishra, India strategist at Credit Suisse.There is a large number of people who haven't even seen a 10% drawdown and have seen steadily more speculative bets become more successful because the market just hasn't fall...