Money9 Covid25 Index advanced 2.78% while Nifty50 and Nifty Pharma logged gains of 0.82% and 2.57%, respectively
The base period for the Money9 Covid25 Index is March 24, 2020, when India went into lockdown, and the base value of the index has been kept at 100
This week, both Nifty and Money9 Covid25 touched their record highs of 15,469 and 312.67, respectively
This week, Money9 Covid25 Index outperformed the Nifty Pharma index by 1.9 percentage points but underperformed the Nifty 50 by 68 basis points
In the current week, benchmark index Nifty 50 ended with losses of 1% whereas Money9 Covid25 Index fell 0.7%
The index consists of 25 Covid-stocks broadly categorised into five verticals of the healthcare industry — vaccine manufacturers, pharma companies,