Silver lining to market crash? Analysts say Nifty now at fair valuations after 9% March selloff; what lies ahead

The broader market sentiment is cautious due to geopolitical tensions and rising oil prices, which could impact various sectors through increased input costs and reduced consumer spending. The recent Nifty selloff indicates a repricing of assets.

• •Nifty has experienced a 9% selloff in March.
• •Market valuations have cooled to fair levels.
• •Analysts caution against aggressive buying due to market fragility.
• •A durable market bottom is yet to be confirmed.
• •Middle East conflict has sent oil prices soaring, impacting Indian markets.