Indices have been under pressure owing to the persistent Ukraine-Russian tensions looming as well as FII outflow. Now on the last day of the trading week to February 18, 2022, indices made their losing streak to the third consecutive day, weighed down by pharma and realty indices.
Now as per reports there is a highly likely stance of Russia invading Ukraine with the diplomatic option always available until the attack has been made. "I'm convinced he [Putin] has made the decision," Biden said. But "diplomacy is always a possibility until he does [attack Ukraine]," said the US President Joe Biden.
Also, at another hand, Federal Reserve Governor Lael Brainard said the US central bank, Federal Reserve, is ready to raise interest rates next month and begin shrinking its balance sheet in coming meetings.
These and other moves will surely weigh on the Indian equities.
Experts call the current market to be highly tough and it shall be a wise move to just sit on the sidelines. Further, this is the time when one should really avoid getting into the markets other than the SIP investments. Other than the inflationary and rate hike fear, the recent geo-political crisis does not make much of a stay but investors need to exercise high caution.