Comparison of equities market performance post corona virus rebound in markets since March 23. The author divided this into 3 phases.
Phase 1 - the ferocious bounce which began on March-23 and lasted till April 30
India
31%
U.S.
30%
UK
29%
Germany
26%
Japan
24%
Australia
37%
Brazil
19%
Phase 2 - pullback which started from May 1 and lasted till May 14
India
-8%
U.S.
-2%
UK
-6%
Germany
-6%
Japan
-2%
Australia
-5%
Brazil
-9%
Phase 3 - renewed move higher across global markets till present day
India
-1%
U.S.
3%
UK
4%
Germany
7%
Japan
1%
Australia
4%
Brazil
11%
Key takeaways:
https://www.cnbctv18.com/market/in-...orld-markets-and-in-the-wrong-way-6011611.htm
Phase 1 - the ferocious bounce which began on March-23 and lasted till April 30
India
31%
U.S.
30%
UK
29%
Germany
26%
Japan
24%
Australia
37%
Brazil
19%
Phase 2 - pullback which started from May 1 and lasted till May 14
India
-8%
U.S.
-2%
UK
-6%
Germany
-6%
Japan
-2%
Australia
-5%
Brazil
-9%
Phase 3 - renewed move higher across global markets till present day
India
-1%
U.S.
3%
UK
4%
Germany
7%
Japan
1%
Australia
4%
Brazil
11%
Key takeaways:
- Phase 1 - Rebound in India was in line with the global equities market
- Phase 2 - India lost much more than the other global markets
- Phase 3 - India is the only market in the sample set that is down. The major events in this phase were the announcement of the fiscal stimulus that failed to cheer the market, as well as lockdown 4.0 along with infections still increasing.
https://www.cnbctv18.com/market/in-...orld-markets-and-in-the-wrong-way-6011611.htm