Crude oil prices decline: How it will impact the equity market, reasons for the fall, sectors to be affected and more
The decline in oil prices is expected to provide a boost to the Indian equity market, especially the sectors that use crude oil as raw material. Conversely, some sectors can plummet, say analysts. A look at the sectors that would be impacted the most.
Crude oil prices have been on a downward trend in 2023. After hitting a six-month low, prices reclaimed some ground on December 7. Analysts, in a concerted voice, agreed that the falling oil prices could help India ease inflation. They also pointed out that the decline in oil prices will also provide a boost to the Indian equity market, especially the sectors that use crude oil as raw material. Conversely, some sectors can plummet.
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