‘Volatility May Sustain For Next Few Quarters’

In a conversation with Vishav, Harsh Jain, Co-founder and COO of Groww, shares his views about the equity markets in the backdrop of the second wave of Covid-19 pandemic. He talks about the lessons investors learned last year. Excerpts from the interview: The situation looks grimmer since the second Covid wave broke out but the reaction in the stock market is entirely different from the last year. What could be the reason for this? Stock markets run on investor perception. Last year, most investors panicked since such a pandemic was unprecedented and markets were uncertain about how the government would control the spread of the disease. However, as the year progressed and the number of new cases dropped, the markets recovered and even managed to reach all-time highs. This resilience was based on investor expectation of the economy recovering after the lockdown-related slump, which was...