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Sensex recovers 23% from March lows but this rally is unsustainable

Sensex recovers 23% from March lows but this rally is unsustainable
Photo: Mint

  • RBI's measures announced on 17 April are expected to fuel lending and support the economy
  • Both Sensex, Nifty have so far gained around 7% in April, after losing over 20% last month
  • Indian equity market rebounded in April after a massive sell-off in March, tracking global peers that had crashed due to fears of economic damage likely to be caused by the covid-19 pandemic. The recovery rally in equities has prompted investors to ask whether this will sustain. However, analysts do not think so.

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