Markets ignoring COVID impact, set for correction: Samir Rachh

Indian investors are currently ignoring the impact of the second wave of COVID-19, which can delay economic recovery and could trigger a correction, Samir Rachh, who oversees $1.8 billion of assets at Nippon India Mutual Fund, has said. Even as India is witnessing the most number of daily COVID-19 cases in the world, Sensex has climbed for two straight weeks.