Return of volatility characterised global financial markets in the month of September as the near vertical uptrend off March lows got tested. This was in line with our view that while things had materially improved, we were not quite as much in the clear as financial markets had appeared to suggest. Especially risks around global politics, geopolitics and the enduring impacts of the Covid-19 crisis were being ignored. With a sharp intra-month upmove off lows, Indian equities fared better amidst ...
