InvestorQ : What explains the global rally in equities, including in India?
Niti Shenoi made post

What explains the global rally in equities, including in India?

Answer
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Archita Jajjoo answered.
5 months ago


The rally can be attributed to progress on a COVID-19 vaccine and the Fed assurance given on Wednesday that rates would continue to remain close to zero. Fed also assured that the liquidity will stay abundant till inflation came back to 2% and unemployment to below 5%. In short, rates are likely to remain low for the foreseeable future and that resulted in a bull rally across the board. This is despite the US growing at (-4.8%) in March quarter. The Nifty rallied 14% for the month of April, clocking the best monthly gains in 11 years.