XTRAS: Russia closed it stock market for 3 consecutive days but it wasn't the longest closure. In 1914, the New York Stock Exchange (NYSE) was reopened for bond trading after nearly four months, the longest stoppage in the exchange's history.
OPPORTUNITIES FOR INDIAN INVESTORS IN THE STOCK MARKET FROM RUSSIA UKRAINE WAR
The ongoing Russia-Ukraine war can benefit Indian investors if they know how to take advantage of the impact is having on the stock market. The last time there was a big crash like this was when the Indian government announced a total economic shutdown barring a few essential services in March 2020.“The market may remain volatile due to the Russia-Ukraine crisis. The trend in global equities,
the movement of rupee against the dollar, and crude oil prices will dictate the trend in the near term,” says Mitul Shah, head of research, institutional desk, Reliance Securities.
He adds that there is hope for revival. “The Indian economy is in good shape given the underlying stellar corporate earnings momentum, the cleansed balance sheets, improving asset quality of the banks, levers in place for CAPEX cycle revival and credit offtake, probable manufacturing resurgence given PLI and other
government reforms. This coupled with increasing DII (domestic institutional investors) participation can revive the markets to earlier high levels once prevailing clouds of uncertainty disappear,” says Shah. In the last six months, foreign portfolio investors (FPIs) have sold close to about Rs 1.22 lakh crore worth of
equities but DIIs have been buying.
