India Strategy - Second Covid-19 Wave Triggers Correction: Motilal Oswal 
A member of CISF observes people waiting in line to register during the administering of Covid vaccine. (Photographer T. Narayan/Bloomberg)

India Strategy - Second Covid-19 Wave Triggers Correction: Motilal Oswal 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Resurgence in second wave of Covid-19 has led to elevated market volatility and correction.

Nifty and Bank Nifty are down 5% and 15%, from the recent highs, respectively.

To contain the pandemic, several states have announced localized restrictions with Maharashtra yesterday unveiling set of broad-based measures for two weeks mini lockdown.

We expect the set of restrictive measures to impact near-term economic recovery till cases stabilize. However, key government authorities and policymakers have ruled out national lockdown.

Meanwhile, vaccinations are gradually beginning to accelerate. As vaccination pick up further with approvals for more vaccines now in place, we expect the focus to shift back to growth, cyclical recovery and fundamentals.

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Motilal Oswal India Strategy.pdf

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