New Delhi, March 15 -- Dr Joseph Thomas, Head Of Research, Emkay Wealth Management, said the rise in crude oil prices could be short-lived as it has been sparked by the ongoing Middle East conflict, though some impact on India Inc earnings and economic growth cannot be ruled out. He advises against tweaking the portfolio amid this setup.

Additionally, among the top investment ideas, he finds value in tech, defence and the private banking sector. In the commodity space, he remains bullish on gold, advising to buy the precious metal on dips. Edited excerpts:

Even before the geopolitical concerns flared up, the return expectations from Nifty 50 were fairly muted. The primary factors influencing a subdued return expectations scenario were l...