Despite its regulatory approval, the government may push the LIC IPO launch to the next financial year considering the on-going Russia-Ukraine crisis. On the back of this crisis, equity market sentiment is not upbeat at present. Since Russia’s invasion of Ukraine on February 24, 2022, the equity markets have fallen by more than 6 per cent. In the last many trading sessions in the Indian equity market, foreign portfolio investors (FPIs) have been net sellers, selling Indian equities worth a net of Rs 30,141 crore since the beginning of the month. The net outflow since January 1, 2022 now stands at Rs 99,036 crore.