War fears spark market panic, but correction may be opening buying opportunities: Sunny Agrawal
- Large‑cap companies with 25‑30% Middle‑East exposure are being heavily discounted amid panic, despite strong order books (~Rs 4.3 trillion) and private‑sector demand.
- Sunny Agrawal (SBI Cap Securities) argues the market is over‑extrapolating worst‑case scenarios; easing tensions could restore normal project‑execution expectations.
- Consumer internet stocks like Eternal and Swiggy remain attractive after the correction, with long‑term growth prospects intact despite short‑term competition pressures.
- India’s crude oil price above $90‑$110 is flagged as a macro risk that could spark inflation, though recent low inflation provides a buffer.
- Private and public sector banks have seen valuations become reasonable, offering a balanced mix for investors navigating volatility.
Geopolitical panic over Middle‑East exposure is driving a sharp sell‑off in large‑caps, but analysts say fundamentals stay solid and valuations now look attractive for long‑term investors.
