Stick to basics; don't be adventurous in the current market scenario

Coronavirus will have an adverse impact on FY21 earnings, however, it is difficult to quantify it at this point in time

Markets are witnessing steep correction as there is no certainty with respect to coronavirus (Covid-19), which has become a global crisis. These are difficult times. What we can anticipate and pray for is that the number of infected people doesn’t increase domestically as well as on the global front, recovery starts happening for all the patients and slowly and gradually the effect fades off. It is only then we will be able to analyze the impact on the domestic as well as global economy.

As regards India, one positive thing is that the government and the Health Ministry (Ministry of