Monday, 2 November
Your morning brief
What happened in the last 18 hours that may matter to India.
- Gulf braces for more fighting between US, Israel and Iran
Higher oil-risk premiums could raise India's import bill and add pressure to the rupee.
- Goldman raises its December oil forecast to $105
A higher oil outlook could increase India's fuel import bill, put pressure on the rupee and raise costs for businesses that use fuel.
- Energy buffers shrink as diesel stocks hit seasonal lows
Higher or more volatile energy prices could raise India's import costs and add pressure to the rupee. Fuel costs could also weigh on airlines and other energy users.
- Foreign investors trim stakes in many Nifty companies
Continued foreign outflows could weigh on Indian share prices and the rupee. Domestic institutional demand may soften that pressure.
- Sensex and Nifty rise as oil prices fall
Lower crude prices could ease pressure from India's oil import costs and support market sentiment.
How these reach India
News like this usually reaches Indian markets through oil prices, the rupee and how foreign investors move their money.
From news to research
Wealth has a new address
The radar shows what the world is doing. 72 Street is where analyst-led research on Indian markets lives.
