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"Russia’s Ukraine invasion was a big surprise for the world market, as it was not anticipating a war resulting in a bloodbath on the global bourses. Though the market was volatile initially it was expecting a diplomatic end to the crisis. Crude oil prices rising to $100 per barrel and existing elevated inflation worsened sentiments. As global tension increased, FIIs continued to offload holdings adding to further volatility in Indian equities. However, the domestic market staged a firm recovery on the final day of the week tracking positive cues from global markets and taking advantage of lower valuations following the massive sell-off in the previous session. Global markets took a breather as the fresh US sanctions did not target Russia’s oil exports nor their access to the Swift global payment network.

 Going ahead investors will continue to remain cautious by keenly watching the developments in the Russia-Ukraine war. In such a volatile market a prudent approach is to have a balanced portfolio with a mix of equity, debt, gold, and cash. It is also a busy week in terms of the release of macroeconomic data points like domestic GDP and Manufacturing & Production PMI data"