Oil's not well: Markets likely to slip on crude oil, shows data

Softening crude oil prices are seen as a big positive for the domestic market, considering India is a major importer of the commodity. 

This has been clearly demonstrated in recent months. Brent crude prices have come off as much as 30 per cent from $124 per barrel in early June to below $90 this month. The benchmark Nifty50 Index during this time frame has jumped as much as 18 per cent.

Will a further drop in oil prices continue to lift stock prices higher? Maybe not, suggests a study done by ICICI Securities (ISec). 

“Crude oil prices and the