The Indian equity markets have been witnessing volatility in tandem with the global markets for quite some time. On one hand, there are domestic key events such as the Union Budget and the Reserve Bank of India (RBI) monetary policy report, while on the other hand, there is the high possibility of interest rate hikes by the US Federal Reserve, and the growing concern between Ukraine and Russia, which are weighing on the market. All these factors have led to a decline in global equity markets, including India.