The Indian market has been under tremendous pressure due to Russia-Ukraine tension and has been trading volatile since the development unfolded. Reacting to Russia recognising two separatist regions in eastern Ukraine as independent, benchmarks Nifty50 and the Sensex corrected more than 2 per cent as all broader market and sectoral indices turned red in the morning trade. 

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At 1.50 PM, after briefly reclaiming 17,000, the Nifty 50 was still trading below crucial level with correction of nearly 1.5% to 16,961.30. Similarly, the Sensex was own nearly 700 points to 57,001. 

Though probability of Ukraine war has been weighing heavily on the Indian markets, experts are of the view that this volatility due to geopolitical developments surrounding Russia-Ukraine won't last and investors should see it as an opportunity to buy fundamentally good stocks.  

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Naveen Kulkarni, Chief Investment Officer, Axis Securities, s of the view that volatility in markets because of geopolitical issues linked to Russia and Ukraine should not last long. "Chances of a major flare-up look small while sanctions on Russia are expected not to be as strong as the ones against Iran, as no one wants crude prices to stay at elevated levels on the back of already high inflation," said Kulkarni.  

He believes markets below 17000 offer a good risk-reward tradeoff. "One should use this correction to gradually increase equity exposure by investing in quality companies," he added.  

Parth Nyati, Founder, Tradingo, too sees opportunity for long-term investors, however, warns short term investors of high volatility in March due to events like geopolitical uncertainty, results of state elections, US Fed meeting, etc.  

"The overall trend is bullish but we may have high volatility over the next month. Therefore, short-term traders should remain light, while long-term investors should look at this correction as a buying opportunity," he said.  

He said investors look for buying opportunities in capital goods, infrastructure, real estate, banking, consumer goods and auto ancillaries.  

IIFL Director Sanjiv Bhasin too was optimistic n the Indian market and was of the view that the last straw in the uncertainty has already been pulled. "Because of the closing of the US markets, the futures market had gone down. Indian Market should reach its bottom by tomorrow. India is still in a very sweet spot," Bhasin told Zee Business Managing Editor Anil Singhvi.