The equity markets are still under cautious view due to the uncertainty of the Russia-Ukraine crisis along with the oil prices on the boil. Although the economy has shown positive momentum based on earnings growth, deleveraging, and rising Capex announcement along with a robust government budget, the volatility is still likely to persist due to the hawkish US Federal Reserve as well as the recent crisis between Russia and Ukraine. 

On Monday, the equity markets experienced panic and broader indices were down more than 3 per cent. The sell-off can be mainly attributed to Russia-Ukraine tensions. Almost all major indices across the globe were in red.