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

The benchmark Nifty50 Index during this time frame has jumped as much as 18%

Oil, Crude oil
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Brent crude prices have come off as much as 30% from $124 per barrel in early June to below $90 this month

Samie Modak
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). 

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First Published: Sep 19 2022 | 6:05 AM IST

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