Second Wave: Covid resurgence to subdue equities (IANS Market Watch)


    By Rohit Vaid
    Mumbai, March 28 |
    Resurgence in Covid-19 cases along with upcoming macro economic data points are likely to subdue key equity indices next week.

    Besides, markets are expected to witness low volumes due to fiscal end period in the truncated week ahead.

    “Stocks could be buffeted by end-of-quarter and end of fiscal trading in the week ahead, as funds and other big investors rebalance their portfolios,” said HDFC Securities’ Retail Research Head Deepak Jasani.

    “Nifty could open higher in the coming week but sustaining at higher levels or building on to gains remains a challenge.”

    On the upsides, Jasani said 14,815 points remains a formidable resistance, a sustained move above which could take the Nifty even higher.

    “On falls 14,264 remains a support. Accompanied by the fact that the coming week includes the year end, volumes and volatility could be subdued.”

    Furthermore, macro-economic data points like Index of Eight Core Industries (ECI) figures, along with the country’s fiscal deficit numbers up to February and external debt data will be keenly watched by investors.

    Additionally, the PMI manufacturing and services’ figures, along with monthly automobile sales data will be released during the week.

    “Negative global cues, rise in bond yields and spike in Covid cases dented sentiments. Worries over 2nd wave of Covid in India led to sharp fall in the market. India reported the biggest spike in Covid-19 infections in five months,” said Motilal Oswal Financial Services’ Retail Research Head Siddhartha Khemka.

    “Going ahead, Next week is a truncated one as far as Indian markets are concerned due to couple of holidays, hence traders would watch the global cues closely.”

    India’s key domestic markets will remain closed on Monday and Friday due to Holi and Good Friday, respectively.

    Besides, Geojit Financial Services’ Research Head Vinod Nair cited that stability in the market depends on pace of vaccination and fourth quarter results which are expected to be positive, given recovery in economic activity during January and February, 2021.

    “On the other hand, prediction of normal monsoon in India this year augur well for a revival in economic activity.”

    According to Emkay Wealth Management’s Research Head Joseph Thomas: “The equity markets remained extremely volatile during the course of the week with multiple attempts at testing support levels. While the rise in bond yields visibly subsided and oil prices too declined, markets have reasons to cheer, but the ferocious resurgence in the covid second and third wave, especially in some of the major European countries is gradually bringing in fears of another disastrous shutdown.”

    “In that eventuality, it will adversely affect the nascent rebound that is seen in recent times. Most market participants expect stronger measures from governments, but nobody expects it to be of the scale at which it was done ab initio.”

    In addition, Thomas said some amount of profit booking cannot be ruled out due to year-end in Japan and India.

    “In addition to this, the Passover break for Jews and Christians, with the latter culminating in Easter, shortens the trading week, apart from the Holi festivities in India at the beginning of the week itself.”

    (Rohit Vaid can be contacted at

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.


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