Crude is the biggest tailwind for Indian equities, says Saurabh Mukherjea


Crude is the biggest tailwind for Indian equities, says Saurabh Mukherjea

Crude is the biggest tailwind for Indian equity market, according to Saurabh Mukherjea, founder of Marcellus Investment Managers.

US oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure.

US crude oil had climbed 37 cents, or 0.8 percent, to $46.24 per barrel by 0122 GMT (6.52 am IST), after plunging 7.3 percent the day before in a session when it touched its lowest since August last year at $45.79.

Global benchmark Brent was up 0.85 percent, or 49 cents, at $56.75 per barrel. It dropped 5.62 percent on Tuesday, at one point marking a 14-month low of $56.16 a barrel. Read More

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