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“While examining all the political and global implications, one needs to simplify and ask where should I be now depending upon? What is going to translate? Very clearly, oil price hikes are coming our way post elections and that is going to hit consumption. Consumer stocks would be the first one one needs to bail out of because they will take a long time to come back.”

Women users have seen a growth of 130 per cent on a year-on-year (YoY) basis with an average ticket size of up to Rs 18,000-19,000, revealed a study by the platform.

Investors would watch out for any sharp drop in seats or vote share but added that the reaction will get over in 2-3 days and the market will shift focus to other key triggers.

The Indian currency hit a record low of 77.0280 per dollar on Monday as against 76.1600/$1 at previous close.

The stock traded at a P/E multiple of 87.46, while the price-to-book value ratio stood at 16.45.

The stock is a proven multibagger and has delivered 6 fold returns in the last five years.

“One should look at banking sector from an investment angle. One should consider this fall as an opportunity. Stagger investment over a period of next one or two months, Be convinced that this current war probably may not be too long and at the same time, significant price increases can correct as sharply as they have risen once the dust settles down. Finally, one cannot wait for that timing to happen for one to consider investment.”

The S&P/ASX 200 index ended 1% lower at 7,038.60 to mark a second straight session of loss.

On the technical charts, the RSI of the stock stood at 21.69.

“For people who have not taken money off the table, it might be too late to sell because the move down and a possible recovery could then both be pretty rapid. Markets will now start factoring in negatives very fast and it might not be a good opportunity to exit. ”