Fresh COVID curbs: Expect to see swifter recovery, says Tata MF's Rahul Singh

Rahul Singh, CIO-Equities at Tata Mutual Fund expects to see a mixed response by the market to the lockdown. “This time the expectation is of much swifter recovery for the economy and general consumption,” he said.

He believes the coronavirus is likely to stay with us for a much longer period than what was thought in January, February. “That realisation is very important for the market and therefore you may not see a significant reaction in the market as a whole but clearly between the various segments of the market, there will be further realignments. We will see much more stock-specific movements in this fall or in this consolidated phase,” he mentioned.

According to him, the IT and pharma sectors have become more important. “These two sectors have done well and it is just not only because of exports,” he said.