India’s lockdown mints more than a million new stock traders

With risk assets sinking to multi-year lows in March because of the coronavirus pandemic, retail investors globally spotted a buying opportunity and piled into equities. S&P BSE sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks. Valuations for the gauge have become cheaper, about a quarter below their three-year mean.

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