The Economic Times
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| 12 April, 2021, 11:29 AM IST | E-Paper
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    Eerie calm on D-Street as Covid surges

    Global strategists have not changed their weak long-term outlook for the dollar and other developed market currencies.

    Synopsis

    The market appears susceptible to adverse news flow because stocks had baked in some of the most optimistic estimates of earnings revival

    An eerie calm has washed over Dalal Street amid the resurgence of Covid-19 cases across the country. The market, caught in a downward drift, has nervous investors looking over their shoulders to see whether the dawdling pace would give way to an avalanche of selling if the government implements the most feared word on the Street: Lockdown. The market so far has put up a brave front despite the virus spreading rapidly in various pockets of the
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