Dear all,
Please find enclosed the Summary of *Nilesh sir’s* concall.
• Globally there is a carnage going on in the equity markets. In last 30 days barring Chinese markets, most of the global markets have fallen between 10-30 %.
• The market carnage is driven by the fear of Corona virus. There is no known medical cure available for corona virus.
• May be partially the social media spread too much awareness about Corona virus compared to other such disease.
• We believe that as we found out medical cure for Ebola, Zika, SARS and other kind of viruses, at some point of time there will be a solution for corona virus.
• I can draw reference to the past such incidences where SARs, EBOLA, ZICA etc. created panic in the market but eventually medical science was able to find a cure and able to stabilize the economy and the market.
