Explained: Why Indian stock market remains immune to 2nd Covid-19 wave

Indian stock markets have remained resilient over the past few weeks despite the ongoing Covid crisis. Though economic activity has been hit in several states, investors still remain optimistic. Find out why D-Street remains immune to the second Covid wave.

At a time when economic activity in India has been derailed by the ongoing Covid-19 crisis, the country’s equity markets seem to be riding the second wave confidently. Both S&P BSE Sensex and NSE Nifty50 — benchmark market indices — have been registering strong weekly gains despite rising cases and declining economic activity. On Monday, equity markets maintained momentum as Sensex and Nifty ended the session with healthy gains. Today's performance marks four days of consecutive growth for domestic equities.