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    Synopsis

    Given the raging war in the Gulf region, the volatility quotient of global markets – including India – will remain high for some time. Getting into the business of predicting what will happen in the war and to oil prices is probably not the wisest thing to do at this juncture. The best thing to do as an investor is to be in control of your actions. And, at this point of time, the best action is probably to wait for the war clouds to clear and clarity to emerge on the geopolitical front.

    Ever since the US-Israel-Iran war began, there have been many articles about how various wars have been treated by the equity markets in the past. But in reality these are mere justifications. The fact is that while disturbances in the Middle East are nothing new, a big difference this time is that so many countries are directly involved in the war in a region that produces much of the world’s oil and gas. Also, while (apart from crude) gas
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