Will unlocking of states trigger market boom? here is what Anil Singhvi says

Several state chief ministers have hinted towards the preparation for unlocking the states if the Covid-19 cases continue to fall. Speaking on its impact on the market Anil Singhvi, Managing Editor at Zee Business said that the government is preparing now but markets have already done it.

Will unlocking of states trigger market boom? here is what Anil Singhvi says

Several state chief ministers have hinted towards the preparation for unlocking the states if the Covid-19 cases continue to fall. Speaking on its impact on the market Anil Singhvi, Managing Editor at Zee Business said that the government is preparing now but markets have already done it.

"The government is preparing for the unlock now and the market has already prepared for it. Infact to an extent, it is in that price range as well. Nifty is above the 15,100 mark today. There is no doubt that it is above this mark only when it is considering that eventually, the situation is going to improve and unlock process will be there," Singhvi said.

TRENDING NOW

See Zee Business Live TV Streaming Below:

The Market Expert said that unlock is partially discounted but when more than 4.15 lakh corona cases were registered then the market was at its bottom and when we will see the unlocking of states then the market can reach its top.

"I am talking about the short-term top and short-term bottom. The market was around 14,200-14,400 mark when corona cases were reported in the range of 3.50 - 4.15 lakh and there was a situation of fear among people," he said.

राज्य सरकारों की अनलॉक की तैयारी...

अनिल सिंघवी- राज्य सरकारों से लॉकडाउन नियमों में राहत मिलने पर बाजार में होगी तेजी... जैसे-जैसे मामले घटेंगे और अनलॉक होगा, वैसे-वैसे बाजार टॉप बनाने की कोशिश करेगा...#EditorsTake #COVID19Update #UNLOCK #StockMarket @AnilSinghvi_ pic.twitter.com/cA4hsJPsCo

— Zee Business (@ZeeBusiness) May 24, 2021

The confidence among people is rising hence as there will be updates regarding the unlocking process market will try to discount it, Singhvi said.

He further added that the market has not yet discounted 100 percent of the news. Still, there is space for growth.

However, he also said that there are multiple triggers behind the action in the market so based on one reason the movement of the market cannot be analysed. But one of the most important triggers for the Indian stock market is Covid cases, he added.

"The new Covid-19 cases in the country is declining. When the word unlock will be heard repeatedly and even when the unlocking process will start then the market will try hit the top mark," he said.

The Market Expert said, " According to me the market has discounted unlock by 60-70 percent and more 20-30 percent can be discounted."

However, there is a need to consider other triggers too like the global market, FIIs position. But there is no doubt that in the coming two weeks there is a need to focus on one theme the most and that is unlock, Singhvi added.

TAGS: