Nifty earnings face further risk as rising oil, falling rupee add to woes
As if the global economic slowdown and trade wars weren’t enough, equity markets are traversing another bout of volatility due to mounting tension in West Asia.
Compounding the situation further have been the rise in oil prices and the depreciating rupee, which could further delay the chances of an earnings recovery.
Oil prices have already spiked about 13% internationally in the last two days owing to supply disruptions in Saudi Arabia.
