Crude oil prices, currently below $80 per barrel, impact around 40% of the raw material costs for paint companies as the cost of binders – a key input material – is linked to the prices of crude oil.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings