Prime Minister Modi’s calls for energy conservation highlight India’s external vulnerability and fiscal strain due to elevated oil prices. JPMorgan’s Sanjay Mookim notes this disruption’s prolonged nature, impacting corporate earnings and potentially dampening consumption and capex momentum, shifting market focus to defensives.
MF Picks: 13 stocks surge up to 230% in just 3 months; 3 turn multibaggers
Thirteen BSE 500 stocks surged 60%–230% in just over three months after mutual funds increased their holdings in the March 2026 quarter, with HFCL, Cemindia