The key factors that have caused this intense volatility have been Russia’s invasion of Ukraine (it’s been more than 70 days that the two nations have been at war), a rise in the price of crude oil, a weak Indian rupee, a rise in COVID-19 infections once again in the country (given that many of the restrictions are relaxed), the power crisis in the country (due to dwindling supply of coal), supply-chain disruptions, spiralling inflation, and major central bank across the world, including the Reserve Bank of India (RBI), raising policy rates to control inflation. The markets are weighing the detrimental impact of all these factors on the industry, corporate earnings, and the overall economy.