Nifty, Sensex may fall 10–12% further amid oil shock
after close1 source ↓written by the desknot a recommendation
- have already declined
- 9.1%
- respectively
- 10%
- if the oil
- 22%
India’s equity markets could see further corrections as geopolitical tensions and oil supply disruptions persist, warns JP Morgan's Rajiv Batra. NSE Nifty 50 and BSE Sensex have already declined 9.1% and 10% respectively over the past month. Batra suggests a potential peak-to-trough decline of 22% if the oil shock continues.
Not investment advice. For informational purposes only.