Market move▼ Bearish for Indian equities
$100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices
The brief
- Kotak Securities sees physical crude reaching nearly $145 a barrel while benchmark prices show $100
- Higher physical crude costs could squeeze Indian refiners’ margins and raise fuel-cost pressure
Refiners feel heat physical crude trades higher than futures prices
Monday, 5 October
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices