Weekly Dossier – Markets biggest rally to Economy Unlock 1.0 challenge ahead for India
Last week has shown some sentiment revival on the market. The market in the five trading sessions have moved high and the data show that this was the biggest weekly gain for Indian markets since 2017. The main catalyst being the revival of economic activity across the country after removing lockdown and allowing certain operations to run across the country with limiting few only in containment zones.
As we have already reported in our article last Sunday, that the removal of lockdown may be a positive sign for the market and investors will take this chance to get into market. And as expected the market was on rally.
If you want to know about what is going to affect the market in the week ahead, Read our week ahead article, presented by Dshots.
Stories Trending Last Week
Past week we have reported ranging in different issues. From Indo China trade related to Remdesivir the potential treatment for COVID19.
On Monday, June 1st 2020, Indian top drug regulatory authority has cleared for the use of the most famous Antiviral drug for the treatment of severe covid19 patients. The drug is known as Remdesivir. The regulatory cleared for the use of the drug only against laboratory-confirmed covid19 patients or suspected patients and can administer only to a maximum of 5 days. This is to prevent the effect of the drug on the patients. It is believed that using the drug will help in recovering from covid19 fastly but it is not a complete drug for the treatment of covid19. Hence guidelines have been given by the regulatory authority for the use of this drug. Read Full Story
From day 1 India’s lockdown has a huge impact on the economy of the country. Announcing the lockdown immediately completely restricting all the industries and operation, people across the country are stranded where they are. The lockdown has effected the country economically, socially and physiologically. The worst-hit are the startups and manufacturing industries. And also the migrants who are nowhere to go and no means of transportation to reach home. We see daily in the news and reports where lakhs of migrants with no means of life, started walking towards their native with hopes of reaching the home before they are out of their energy. So what is the challenge that is ahead of India Post Covid19, Read full story
G7 is supposed to lead the world in the fight against Covid19, but its role is nowhere is seen and it is invincible for quite some time. With the world is in a global crisis facing the worst time of the decade, the countries with poor resources and fewer health facilities are at the facing end. The War against covi19 needs a leading team and G7 with all the potential to lead the team is seen nowhere. With no plan to convene, no action plan, it is sitting at the corner. Read Full story
The theory of Black Swam was first coined by Nassim Nicholas which is termed to use for the events that occur in surprise but has an unpredictable effect. Most of the times the events are recognized only after it has happened and the effects have occurred. The perception of occurring of black swan will never happen. Is covid19 considered as a Black Swan event, there are three conditions and covid19 cannot be considered as a black swan based on those conditions. Read full Story
Each time Social media is very fast in responding and finding a scapegoat to show the anger. This time it was the TikTok that came to light. Netizens tried to show the anger by giving negative ratings in the play store. The rating of the app was reduced to 1.6 in the play store because of massive poor ratings. But the ratings were later restored back when google removed 5 million negative ratings in play store. But is a complete ban on Chinese products possible. According to WTO regulations, it is not possible. Read Full Story
That’s it for the past week. Know what is ahead of the week in our weekly dossier.