Anil Singhvi decodes why global markets are rising and what investors should do in these gloom and doom times

Zee Business Managing Editor Anil Singhvi has said that recent rise in the world markets including Indian indices is mainly caused by the strong global sentiments. Singhvi said that the newsbreak of Gilead Coronavirus treatment trials have pumped the morale of the equity market investors and today's rise in the global indices is due to the strong sentiments after this. He said that rise in crude oil should also be seen through rising hope of the lockdown being eased. It was the lockdown that hit the demand of the commodity and led to the WTI crude oil price futures slip below $0 per barrel.

Speaking on the Coonavirus treatment trials in the US, Anil Singhvi said, "This rise in equity markets is mainly due to the strong global sentiments. This positive sentiments in the global markets has come after the newsbreak of Gilead Coronavirus treatment trials that has given positive results in the US." 

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Singhvi said that it has boosted the morale of the global equity investors and they have once again started to put money in the markets. However, on the US Fed decision on rates, Singhvi said that the decision to keep rate at near zero till the global economy comes out of the grip of Coronavirus was on expected lines. He said that the latest US Fed meeting was a non event as majority of the decisions taken by the US Fed yesterday was on the expected lines.

Speaking on the global economy situation once the Coronavirus impact goes down, Anil Singhvi said, "It will take time even for the developed economies to come out of the COVID-19 virus impact but they have no other option." 

See Zee Business tweet below:

ग्लोबल बाजारों में तेजी की क्या है वजह, US फेड के बयान के क्या मायने? समझिए अनिल सिंघवी से#EditorsTake #CoronaVirus #USFed #GlobalMarket @AnilSinghvi_ pic.twitter.com/dhrzVghSHP

— Zee Business (@ZeeBusiness) April 30, 2020

Singhvi had a very big message for investors in this gloom and doom corona-hit situation. He said that investors need to remain positive as nothing is permanent in this world. 

Singhvi said that WHO Emergency Meeting is taking place today and let's see what comes out of it. Right now, the situation has still not come under control of any of the affected nations and the world is looking at the WHO very anxiously to get a solution for COVID-19 crisis.