Indian markets ended higher for the second day in a row on Tuesday as optimism that the US decision to offer vaccine support will aid the nation’s effort to control the world’s largest surge in coronavirus infections helped sentiments. “Global markets were muted as investors were cautious ahead of the US Federal Reserve monetary policy outcome on Wednesday. Even as the second wave has continued to worsen, analysts at BofA Securities feel that the markets are likely to look beyond the short-term pain. That said, with cases likely to peak and vaccine approvals/expansion gaining traction, we think investors are likely to look beyond the short-term pain," said BofA Securities in a note on 27 April. Delhi has extended its lockdown by seven more days, while Karnataka has announced a fortnight of complete lockdown.

Source: Mint April 27, 2021 14:37 UTC