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Markets fall over 1% as BJP loses key states, covid surge continues

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Hindustan Times reportedGST collections in April at Rs1.41 trillion, analysts expect, is very good news indeed. This indicates a strong rebound in the economy and maturing of the GST system, analysts add."Market participants would be keenly watching out vaccination progress at private hospitals.

Further, despite putting enhanced mobility restrictions by states, manufacturing and infrastructure activities have not halted yet and companies appeared to be proactive this time to convince most workers to stay back by offering basic amenities and facilities.

Therefore, a large economic damage like last year is unlikely to happen", said Binod Modi, head-strategy at Reliance Securities.Click here to read the Mint ePaperMint is now on Telegram.

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