Geopolitical Unrest: The all-out conflict in the Eastern Ukraine with Russia has triggered panic among investors. This has led to aggressive selling in the equity segment for an extended period. The Russian index was down over -40% on 24 February 2022. Similar event happened in March 2014, when Russia took over Crimea. During that period, the Russian index RTSI lost over -53% in 9 months. Nevertheless, the market recovered while Indian equity market stood unhampered.