Will steep crude prices hit Indian markets, corporate earnings?


Manage episode 297526099 series 2624847
By All Things Markets and Mint - HT Smartcast. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Oil prices climbed to $77.16 a barrel last week, its highest in nearly three years, as a result of a deadlock over the United Arab Emirates’ (UAE’s) production quota. Even as the spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, crude oil prices remain critical for many importing countries like India. So, how does rise in crude prices impact Indian markets and economy? And overall, will rise in crude prices shrink margins of Indian companies? To understand that, Mint's Nasrin Sultana is joined by Naveen Kulkarni, CIO, Axis Securities.

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