Explore Now MUMBAI: Domestic equity market is likely to remain rangebound next week as investors are unwilling to take bullish positions at a time when the pandemic is raging and making them second-guess their rosy outlook for the economy and earnings growth. The government’s repeated insistence on not imposing a national lockdown despite the country reporting over 200,000 new cases on Friday has kept investors from panicking and thereby, limited the downside in the stock market. Yet the surge in cases and localized lockdowns across the country has fogged investors’ ability to forecast earnings growth and economic activity too far in the future. Brokerages have already started to downgrade India’s growth forecast for 2021-22, even though there is limited clarity on how long the second wave will drag on.