Nifty may have made temporary bottom at 22000; if calm holds, 23,200 in sight

12% war slide

Since the war began on 28 February (Saturday), the market has fallen almost 12% from 25,178.65, a day earlier, to Thursday’s low of 22,182.55. Over the same period, crude rose 50% to $109.24 a barrel due to supply constraints from the Strait of Hormuz.