Sensex, Nifty, Bank Nifty LIVE Updates: Sensex, Nifty50 rise amid gains across sectors; financial, IT, auto st - CNBCTV18

Source: 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.

"The median correction in stock prices is somewhere around 27-28 percent and people are no longer aggressively looking to buy the dip... I would take a month, look at the liquidity conditions normalise, and then pick up on the fundamentals again.
I think expectations are tapered," he adds.His advice:It is a good time to re-evaluate the market and use that time to build a reasonably resilient portfolio.