Best of BS Opinion: Integral world of finance, Bengal's cycle of violence

Here's a selection of Business Standard opinion pieces for the day

A strong market; a weak economy -- the disconnect between the real economy and the equity markets persists. Optimism around the Biden administration and expectations of a faster-than-expected economic recovery could be some of the reasons for the current exuberance but, as the top edit warns here, a market that is unsupported by fundamentals could leave investors vulnerable to increasing volatility and deep corrections if there is further bad news on any front.
 

In other opinion, writers tackle the eternal controversy over participatory notes, Biden’s “Trumpism” challenge and escalating political violence in West Bengal. Kanika Datta sums up the views.
 

K P Krishnan argues that the government needs to approach foreign portfolio investment and participatory notes from the point of view of creating liquid and efficient markets accessible to all investors. Read it here