Brokerages Citi Research and Nomura have trimmed their year-end targets for India’s Nifty 50, citing rising risks to growth and corporate earnings as surging oil prices and supply shocks from the escalating Middle East war darken the outlook for Asia’s third-largest economy. Citi cut its target to 27,000 from 28,500, implying a 17% upside from…
Crude oil prices are on a boil, and have emerged as a big headache for the Indian economy and also the stock market investors. The prices have jumped to their highest level in four years as the conflict in the The Middle East has resulted in supply disruptions through the Strait of Hormuz, which accounts…
Expert view: The Indian stock market is reeling under intense pressure from the US-Iran war, which has driven crude oil prices to above the $100 mark. This is a pain point for not just Dalal Street but also the Indian economy, as it can fan inflation, derail fiscal math and pressurise the Indian rupee. Amidst…
The escalating conflict involving the United States, Israel, and Iran has emerged as a fresh concern for stock market investors across the globe, including in India. The intensifying tensions in the region have triggered a sharp rise in crude oil prices, creating significant pressure on the fiscal balance of major crude-importing nations. The situation has…
