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15.06.2021 / 15:15

Indian stock market showing 'unbreakable nature' amid Covid 2.0: Julius Baer

NEW DELHI : The Indian equity market is showing an "unbreakbale nature" amid the second Covid-19 wave and the benchmark Sensex might well hit 58,500-level by March next year, according to global wealth management major Julius Baer.Emphasising that India is a "very strong market", Julius Baer MD and Head (Research) Mark Matthews also said companies' earnings would ultimately drive share prices.Notwithstanding the second Covid-19 wave that has also impacted economic activities, domestic equity market has been surging in recent months, with key indices — Sensex and Nifty -- touching fresh lifetime highs.Currently, the 30-share BSE Sensex is trading above the 52,500-level.

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COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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