{"id":404253,"date":"2021-03-11T08:45:09","date_gmt":"2021-03-11T03:15:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404253"},"modified":"2021-03-11T09:07:23","modified_gmt":"2021-03-11T03:37:23","slug":"demand-driven-rise-in-crude-oil-prices-is-good-for-equity-markets-analysts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/demand-driven-rise-in-crude-oil-prices-is-good-for-equity-markets-analysts\/","title":{"rendered":"Demand-driven rise in crude oil prices is good for equity markets: Analysts"},"content":{"rendered":"<p>Even though the rise in oil prices can strain the fiscal position of an economy, a rise in oil prices \u2013 if driven by a surge in demand \/ consumption \u2013 is a positive for equity markets, say analysts. In their recent note, analysts at Jefferies estimate that every $10 per barrel (bbl) rise in the Brent oil price raises India\u2019s trade deficit by around 40-50 basis points (bps). Yet, they believe that the equity markets should be able to digest the recent spurt. <\/p>\n<p>\u201cA $70\/bbl of crude would have a 100-120 bps impact on current account deficit (CAD). Improving domestic demand on a low base would drive CAD to 1.5 per cent in fiscal 2021-22 (FY22) versus a 0.7 per cent surplus this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though the rise in oil prices can strain the fiscal position of an economy, a rise in oil prices \u2013 if driven by a surge in demand \/ consumption \u2013 is a positive for equity markets, say analysts. In their recent note, analysts at Jefferies estimate that every $10 per barrel (bbl) rise in the Brent oil price raises India\u2019s trade deficit by around 40-50 basis points (bps). Yet, they believe that the equity markets should be able to digest the recent spurt. \u201cA $70\/bbl of crude would have a 100-120 bps impact on current account deficit (CAD). Improving [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-404253","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404253"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404253\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}