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Below the Quote on Weekly Market Outlook 09th March 2026 from Vinod Nair, Head of Research at Geojit Investments Limited

"The global markets reacted strongly to the geopolitical tensions in the Middle East, where the domestic market witnessed a nosedive correction. The oil prices skyrocketed to above USD 85 while the Indian rupee has weakened, reflecting concerns over prolonged disruptions to crude supply—a critical input for India’s economy. A sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory, and the RBI’s monetary stance. An uptick in the U.S. 10?year bond yield and a stronger dollar have prompted FIIs to adopt a risk?off approach toward domestic equities.

 The selling was broad-based, where realty, banks, and auto underperformed while defense gained some ground due to the evolving geopolitical landscape and increased budget outlay. The India VIX has edged higher, signalling increased uncertainty and risk aversion among market participants. 

Investors are moving towards traditional safe-haven assets and adopting a cautious stance, awaiting greater clarity. We expect that reassurance over control of the Strait of Hormuz will help stabilize market sentiment. We advise avoiding a panic sell-off and adopting a disciplined, long-term perspective and exercising patience over the next several weeks, as current price levels may offer a strategic entry point for medium- to long-term investors."

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