JP Morgan: Strict lockdowns likely if Covid nos. rise: JP Morgan

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The brokerage stated the brand new circumstances have additionally elevated in a number of different states although from a low base.

Synopsis

India’s benchmark indices are down almost 6 per cent from all-time excessive ranges hit in mid-February. Rise within the US greenback, US 10-year treasury yields and a surge in coronavirus circumstances have been the important thing components behind this fall.

Mumbai: Indian authorities could also be compelled to impose lockdowns if the variety of coronavirus circumstances continues to rise sharply, stated JP Morgan.

India is presently seeing a file every day surge in coronavirus circumstances amid the second wave of the pandemic that has plagued the world for over a 12 months now.

“The authorities have imposed some native restrictions to include the proliferation of Covid-19, however they appear to be reluctant to impose laborious lockdowns due

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