Tensions with Pakistan have left investors worried as benchmark indices Sensex and Nifty fell over 1% on Friday. Just when Indian stocks are recovering and foreign investors started coming back, the conflict has thrown markets into an uncertainty. Here’s how top experts assessed the situation.
ETMarkets.com
2/6
Vinod Nair, Head of Research, Geojit Investments
A sharp escalation in India–Pakistan tensions has not dampened the domestic market sentiment. Investor confidence had been buoyed by sustained foreign institutional inflows and record GST collections in April, both of which signalled strong underlying economic resilience.
ETMarkets.com
3/6
Amit Jain, Co-Founder, Ashika Global Family Office Services
Tensions between India and Pakistan appear to be intensifying, which could act as a sentiment dampener for short-term investors. Once the situation stabilizes, Indian markets are expected to align with global market trends, especially as the corporate earnings season nears its conclusion.
ETMarkets.com
4/6
Rupak De, Senior Technical Analyst at LKP Securities
Nifty traders appeared to embrace risk-off trades amid India-Pakistan tensions. In the short term, bears may attempt to push the index decisively below 24,000 to gain the upper hand. A clear break below 23,900 could increase bearish bets in the market. On the upside, 24,250 may act as an immediate resistance level
Agencies
5/6
Samir Arora, Founder, Helios Capital
The conflict looks like it might end soon, because nobody is using the super serious weapons or not mobilising armed forces. History suggests that the rebounds after conflicts are quite sharp and therefore, there is no need to panic now unless somebody really knows something very specifically.
ETMarkets.com
Retail investors should avoid impulsive decisions based on short-term geopolitical events. Historically, market downturns due to geopolitical tensions have been temporary.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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