When the Nifty achieved 18,000 on April 4, sentiment was still brittle with foreign funds pulling money out of India. Over the next two months, the Nifty plunged almost 16% to a 52-week low of 15,183.4 on June 17.
Global Market | Is India prepared for a prolonged Middle East oil disruption?
India’s heavy reliance on Middle East crude and relatively low inventory buffers leave it vulnerable to prolonged supply disruptions amid escalating regional tensions. With Brent