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Broker call● Neutral for Indian equities
One group of funds is holding up the stock market. Barclays says oil prices have to fall to drive a year-end rally.
The brief
- Barclays says a year-end rally likely depends on oil prices falling or stabilizing
- Oil-price swings affect Indian oil producers, airlines and other fuel-sensitive sectors
- Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive says
- Markets end September quarter in the red. Will Q3 bring relief or more pain?
- OPEC+ oil producers set to keep output targets steady at Sunday meeting, sources say
- Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy
- Foreign outflows from Indian stocks hit 6-month high in September on higher oil, yields