Russia-Ukraine crisis: Investors look at defensive plays in tough times

Given volatility, choose stocks within IT, FMCG, health care space, say experts

A wave of global headwinds has continued to batter global equity markets since the beginning of calendar year 2022. With the Russia-Ukraine crisis, the sentiment has soured even more, as investors turned cautious amid rising commodity prices on likely supply crunch.

The growing jittery sentiment has not spared domestic equities either, which have been highly volatile in the past few weeks and may continue this trend at least in the short term, or until a resolution appears on the horizon for geopolitical tensions, say experts.

Given the multitude of uncertainties on the global front, the markets have seen sharp corrections in February,