Indian markets ignoring Covid-19 impact, set for correction: Top stock fund

Virus has spread to places with poor medical infrastructure, says Samir Rachh, who works with Nippon India Mutual Fund.

Investors in India’s $2.8 trillion equity market are underestimating the economic impact from the world’s worst coronavirus outbreak, which will delay any recovery and could trigger a “correction” in stocks, according to the country’s top-performing fund manager.