India-China border dispute to impact near sentiment, say brokerages

Auto, consumer durables and chemicals could be the worst impacted if the situation worsens

The military stand-off between India and China is unlikely to have a major impact on earnings, but could be a dampener for the markets in the near term. The Sensex has declined 1 per cent in the past three sessions. 

Even before the current escalation, supply disruptions from China because of Covid-19 impacted companies' revenues in the June quarter. Among sectors, most dependent on China is consumer durables.

About 90 per cent of compressors and a large share of printed circuit boards are imported, say analysts at