Satish Ramanathan, CIO-equity, JM Financial Mutual Fund believes that the current market situation is very fluid. This is because the impact of war in West Asia is still not completely known, thereby increasing the uncertainty in the markets. He believes the impact of this conflict will be at three levels: the immediate impact which is currently seen on the availability of fuel, a secondary impact on shopkeepers and vendors to make and sell their products. A possible third level impact could be on the inability of such businesses to repay their loans due to rapid decline in revenues. The consumption basket could also get impacted to a significant degree.