Some possible safe havens, some likely causalities of tension at the border: 5 sectors, 24 stocks which are likely to see an impact

Now that India has retaliated as it was expected to after the Pahalgam terror attack, it is time to see how the situation pans out in the next couple of weeks. Let’s hope for the best and prepare for the worst. When we prepare for the worst, there are some hard decisions that need to be made. The fact is that there is no investment strategy that can insulate a portfolio from geopolitical shock (or a war, to put it simply). History suggests that wealth survives best when it is backed by businesses whose revenue is mandated by the government, protected by regulation, or denominated in a hard foreign currency. At the same time there are some sectors which are bound to be a hit.