Rising global crude oil prices may spoil D-Street party, say experts

The benchmark indices would have registered a third straight session of loss on Thursday, if not for the 4 per cent surge in index heavyweight Reliance Industries (RIL). 

Experts, however, say the surge in global crude oil prices and other commodities has started making investors nervous.

Brent Crude has surged more than 60 per cent since November, crossing $61 a barrel for the first time in 13 months. “Rising commodity prices, including crude, is the biggest risk for corporate earnings and markets,” said Amish Shah, India Equity Strategist, BofA Securities.

While oil and other commodities will likely move lock-in-step with markets in the