Global geopolitical factors, similar to last month, remain negative with no resolution of the Russia Ukraine war. Oil prices continue to trade at a high price with Brent crude trading at around 114 $ per barrel. The Indian rupee has declined to around Rs 77.5/USD.
My bullish view on Indian equities remains intact after 2 important events of this week – The Budget & MPC meeting. While long term money should continue to be in appropriate equity schemes, short term money should be invested in low duration debt funds.