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Market experts believe that outflows from the equity market amid the rising global inflation worries, war scare and safe haven appeal of bullion has pushed gold prices higher.

The conflict could also make emerging markets (India included) riskier for foreign investors. However, in the long term, we see “fundamentals” as a driver of “flows” and not the other way round. Given that India’s fundamentals are strong, flows will follow — eventually.

The rating agency said that it will have to be watched if the conflict lasts longer and escalates to other parts of Europe. Russia is a major exporter of fuel, chemicals and metals. As a reaction to the conflict, most of the G7 nations have announced sanctions on Russia, trying to limit their trade.

The 30-share pack Sensex climbed 388.76 points or 0.70 per cent to close at 56,247.28. Its broader peer NSE Nifty advanced 135.50 points or 0.81 per cent to 16,7933.90.

The stock traded at a P/E multiple of 49.0, while the price-to-book value ratio stood at 8.04.

“The retail participant is in the driving seat. Retail buying is on and so it is a great opportunity from a mutual fund perspective. Retail clients are participating through mutual funds or directly. This is an opportunity to rebuild or rebalance the portfolio in some of the names where conviction level is high.”

A total of 133,391 shares changed hands on the counter till 02:10PM (IST).

“From a medium to longer-term perspective, I do not believe that margin trigger is going to dent the overall earnings scenario for Indian corporates and we are expecting roughly mid teens kind of earnings growth for Indian corporates as we move forward. If that comes through, even if one expects some compression in equity valuations because of higher interest rates globally and in India as well going forward, even then we should get reasonable returns from equity. ”

Market experts believe crypto fundraising in Ukraine will be a trendsetter for creating such campaigns across the globe. Charles Tan, Head of Marketing at Coinstore, said that it is extremely satisfying to see crypto helping an entire nation in times of crisis.

On October 4 last year, she finished her five-year term at Sebi as a whole-time member. She was the former whole-time member of Sebi from April 05, 2017, to October 4, 2021.