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Below the Views on Morning Market 23rd March 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"With the war in West Asia getting into the fourth week, there is no clarity on when the war will end. Unfortunately, the war is escalating   with President Trump giving ultimatum to Iran to open the Strait of Hormuz in 48 hours. Iranian president’s response that “ the Strait of Hormuz is open to all except those who violate our soil” has prevented panic in the oil market. However, the uncertainty is huge and markets will be waiting and watching the outcome. 

It is important to understand that the huge risk-off globally has impacted all assets including stocks, bonds and precious metals like gold and silver. In fact, the crash in the safe haven gold  is worse than in equities. 

There is nothing that investors can do during this crisis characterised by huge uncertainty. If history is any guide investors should not panic, but keep cool. 

The sharp depreciation in the rupee will benefit exporters like pharmaceuticals and autos and auto ancillaries. The beaten down IT segment may surprise with a bounce back."

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