Traders Grapple With Grief While India’s Markets Keep Rising
- World’s biggest stock boom coincides with worst health crisis
- India’s central bank says equity gains pose bubble risk
The Bombay Stock Exchange building in Mumbai on May 26.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
As Covid-19 continues to ravage India, financial professionals across the country are grappling with an increasingly surreal disconnect between the epidemic’s devastation and a record-breaking boom in local markets.
The world’s worst coronavirus outbreak has battered India’s economy and lifted its official Covid death toll to more than 318,000 -- a figure that experts say is likely a significant undercount.