Crude Oil Nears At $120: Can Indian Markets Withstand The Shock? Investors Must Watch Ahead

Crude Oil Nears At $120: Can Indian Markets Withstand The Shock? Investors Must Watch Ahead

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Shailendra Bhatnagar
  • Updated Oct 27, 2026 12:29 PM IST

Crude oil prices near $120 per barrel are raising concerns about India's economic and market outlook. Manish Sonthalia, Director & CIO, Emkay Investment Managers, explains how elevated energy costs and global AI capital expenditure risks could pressure growth, corporate margins, bond yields and the rupee. With India's current account deficit vulnerable to rising oil prices, the outlook hinges on whether crude returns to more sustainable levels. He also examines how a potential global recession and changing investment trends could affect Indian equities. What should investors monitor over the next six to nine months, and do current market levels offer a margin of safety?

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