Sensex, Nifty, Bank Nifty LIVE Updates: Sensex, Nifty50 rise amid gains across sectors; financial, IT, auto st - CNBCTV18Source: CNBCTV18
Don't see huge blow to economics of Indian market from Russia-Ukraine conflict: Jigar MistryJigar Mistry, Co-Founder of Buoyant Capital, says that from a fundamental perspective, the Russia-Ukraine conflict impacts oil prices and in turn India's current account deficit, but doesn't not impose a huge issue in the economics of the Indian market."Emerging markets become risky, so flows might continue for slightly longer, and the domestic situation doesn't get addressed... After years of clean-up, you are probably looking at one of the finest fundamentals for the last 14-15 years, and the fiscal impulse was very solid. The monetary support continues despite hawkish stance elsewhere in the world and corporate earnings have been reasonably resilient. Besides FMCG, I think, a number of banks and life insurance and consumption growth have been fairly strong," he says.