Second Covid wave leads to market volatility – Despite a lot of volatility during the month Indian equities were up by 1.1% in March post the 6.5% rally last month. While markets rallied during the first half of the month there was some volatility in the second half of the month due to a surge in Covid cases in India. FPI flows slowed down to `10,482 cr. from ` 25,787 cr. in February.

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