The stock market may see a few days of recovery before falling again, said Sandeep Raina, executive vice president, research, Nuvama Professional Clients Group. "While it is not a panic situation, we may still witness high volatility, which can bring the Nifty down to 18,000 over 3-4 months," said Raina. "But that downside will be very slow."
The Indian equity indices staged a strong comeback on Tuesday led by buying across all sectors amid signs of de-escalating tensions between Russia and Ukraine.