The resilience of the market within the midst of the tragic well being disaster would possibly seem irrational to most observers. However it is very important discern the chilly financial/monetary logic that drives markets. Markets give attention to earnings, notably future earnings. Developments point out strong future earnings, notably from segments like IT, pharma, main financials and metals. Shopper discretionary is, nonetheless, on a sticky wicket. This section, notably autos, would possibly witness earnings downgrades. The worldwide financial backdrop is beneficial with robust financial restoration led by US, China and most components of Europe. In India, contemporary Covid instances are declining in Maharashtra, Madhya Pradesh & Delhi. The market is more likely to take cues from the optimistic knowledge. V Okay Vijayakumar, Chief Funding Strategist at Geojit Monetary Companies