The global coronavirus epidemic has sent shivers down the global markets while Indian markets were no exception. The outbreak led to a sharp correction in the global and Indian markets. From its peaks, the Indian markets have corrected about 10% on heavy selling by foreign investors. Earnings growth is expected to pick up in the second half of FY21 due to a lower base and gradual pick up in the economy.
The global coronavirus epidemic has sent shivers down the global markets while Indian markets were no exception. The outbreak led to a sharp correction in the global and Indian markets. From its peaks, the Indian markets have corrected about 10% on heavy selling by foreign investors. Earnings growth is expected to pick up in the second half of FY21 due to a lower base and gradual pick up in the economy.