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▼ Bearish for Indian equities
Muted demand, higher oil prices to cloud paints sector outlook in near term
The brief
- Dealer destocking and muted premium demand may pressure near-term volume growth
- Rising crude-linked costs and sustained competition cloud the outlook
- Higher input costs and weaker volumes pressure Indian paint makers
- Sensex, Nifty plunge over 1%; realty shares skid
- Sensex tanks 730 points amid surging crude oil prices, geopolitical uncertainties
- Oil price rise puts more pressure on government bonds
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
- Sensex falls 900 points as crude rebounds; Nifty slips below 22,900