Markets faced corrections owing to Covid uncertainty in early FY21: Survey
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There were some sizeable corrections owing to COVID-19 induced uncertainty in the starting of this monetary 12 months, having said that both equally Nifty-50 and BSE Sensex recovered strongly later on, according to the Economic Survey 2020-21 tabled in the Parliament on Friday.


It stated that the BSE benchmark index rose 68.9 per cent till January 20, 2021. During 2020-21 (up to January 20, 2021), India’s benchmark indices Nifty-50 and BSE Sensex reached document highs of 14,644.7 and 49,792.1, respectively on January 20, 2021, the survey mentioned.


“There have been some substantial corrections owing to COVID-19 induced uncertainty in the commencing of this fiscal calendar year, however the two Nifty50 and S&P BSE Sensex index recovered strongly later on,” it claimed.


Throughout the exact same interval, the Nifty-50 index of NSE attained 70.3 for each cent from March 31, 2020 to January 20, 2021.


India VIX, an index circulated by NSE which indicates the degree of fluctuation that can be anticipated in Nifty-50 index by active traders about the next 30 times have fallen noticeably because March 2020, indicating decline in volatility in the stock market place, it extra.
(Only the headline and picture of this report might have been reworked by the Company Standard personnel the rest of the information is car-produced from a syndicated feed.)

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