INSUBCONTINENT EXCLUSIVE:
By DK AggarwalStock markets across the globe have over the last few days mirrored the panic that took hold of the world
Desperation hit new highs, as countries moved to lock down borders after WHO pronounced COVID-19 as a pandemic.
A rise in the number of
infections has weighed on financial markets across the globe
The intensity and breadth of market fall has been scary, to say the least
Despite fiscal and monetary measures announced so far to cushion the global economy from an expected downturn, markets are clearly focusing
on the rising numbers of affected patients and the bearing this crisis may have on businesses across the world.
As coronavirus spreads
globally and cases rise, businesses are assessing their risk levels
At the blink of an eye, the world around us has changed beyond recognition
With travel restrictions put by many countries, pressure is piling on airlines and the broader travel industry
In this scenario, can airlines keep the heads above water?
These restrictions have also stopped corporate travel, hampering businesses and
The tourism business has been stalled
If it continues this way, it will affect corporate earnings and the Indian consumption story will again get dented
People are avoiding socialising and going to isolation, which is already making a dent in discretionary spending.
Meanwhile, investors are
trying to gauge if more pain is ahead or the worst of the selloff is over
But it is too early to tell
This is likely to prove rewarding in the long run.
However, before investing one should do a rigorous homework
As we know, this fall in the market is due to external reasons
Once the problem subsides, we may see the stock market as well as the economy on the runway
However, the speed and pace of that recovery would be dependent on how fast we overcome this pandemic.
