Crude Oil Rally Triggers Selloff in Indian Equities
The recent surge in crude oil prices has put Indian equities under pressure. Brent crude is back at $100 a barrel, and the Nifty has dropped to around 23,550.
This situation is eerily similar to July's market action when Brent was also around $100 a barrel, and the Nifty had touched an intraday low of 23,606.
The bigger question for investors now is: what happens if crude moves well above $100?