There's a weak link between economy and market, says Jitendra Gohil

The next trigger for a sell-off can be if we go into a nationwide lockdown to curb the virus, but the probability of such a measure is still low, says Gohil

The markets have been range-bound, waiting to assess economic damage caused by the second wave of Covid. JITENDRA GOHIL, head-India equity research, Credit Suisse Wealth Management, tells Puneet Wadhwa within EMs, India disproportionately received greater FPI flows in the past few quarters and he does not rule out further profit-taking by foreign investors. Edited excerpts:

Are there more triggers for a market correction now?

Our base-case scenario is that the number of cases in India should peak around mid-May and a recovery in the second half of this financial year, albeit slower than anticipated earlier. There is a weak link between the