It was another gloomy week for the market. The benchmark index spilled around 2.5 percent over the deteriorating Russian-Ukrainian war which pushed oil prices more than supply concerns, triggering fears of inflation that escaped.

Car sales for February and Q3FY22 Data GDP also dampened sentiment for the week ended March 4.

Both equity benchmarks are completed a week below the close of the closing of February 24, falling one of the biggest days of this year.

Sensex looted 1,525 points, or 2.73 percent, up to 54,334, and Nifty50 declined 413 points, or 2.48 percent, to 16,245, weighed by car stock, banking & finance. Metal, oil & gas and index slapped trends and loss losses.

A wider market outperformed the frontliners. The 100 Nifty MIDCAP index fell 1.5 percent and a small index of 100 0.35 percent.

The next week is expected to support the bear again, given the increase in volatility unless the Ukrainian situation subsides. The results of the election on March 10 can also affect the market, experts said.

“The direction of the market will be greatly influenced by ongoing geopolitical tensions. At the macroeconomic front, investors will oversee the inflation rate of China and the United States.

“As a commodity and the price of crude oil skyrocketed in the middle of the war, inflation data became a critical indicator to determine the next Fed action,” said Yesha Shah, Head of Equity Research in Samco Securities.

Consider these events and the results of the election of the country, “Market fascinated movements are expected to continue, and investors can seek selective purchases while maintaining a heart-careful view overall,” he said.