As crude oil boils at $70 on US-Iran spat, these stocks will take a knock
NEW DELHI: With crude oil prices boiling above the $70 a barrel mark and the rupee hitting the 72 mark against the dollar, analysts said domestic stocks, especially the ones that have already rallied quite a bit such as banks, may take a beating.
Oil-linked stocks such as oil marketing companies, aviation players and paint and chemicals firms may also come under severe pressure, if the situation in West Asia remains tense, they said.
