India, March 22 -- justify;">The Iran war and the resultant closure of the Strait of Hormuz have led to crude oil prices skyrocketing. The Brent Crude Oil prices have crossed the $100/barrel mark, and India imports most of its oil requirements. It has led to pressure on the Indian Rupee, bond yields, current account, and stock markets.

The Nifty 50 Index has corrected more than 15% from its September 2024 peak. The Nifty Midcap 150 and Nifty Smallcap 250 indices have corrected even more. If you have started investing in the last 1-2 years, your equity portfolio must have seen losses due to the current correction. You can book these losses and reinvest, and in the process save capital gains tax with tax harvesting. In this article, we wil...