Benchmark indices lost more than 9 percent in the week ended March 13, though the sharp rebound on last Friday from lower circuit levels soothed sentiment and curtailed losses to major extent.
The recovery seen on Friday was largely driven by value-buying, rally in global peers on more stimulus hopes, short-covering and DIIs buying. But overall sentiment still remains negative due to the fast-spreading novel coronavirus outside of China.
The sell-off seen last week was driven by rising cases in the United States and Europe, and Covid-19 being labelled a pandemic by the World Health Organisation.
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