Nifty Could Plummet to 21,000 if Crude Oil Prices Soar, Rating Agency Predicts
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Crude Oil Surge: Nifty 50 Could Plunge to 21,000, Warns Emkay Global
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News18•17-03-2026, 22:45
Crude Oil Surge: Nifty 50 Could Plunge to 21,000, Warns Emkay Global
•Emkay Global warns Nifty 50 could fall to 21,000 if crude oil stays above $100/barrel, a 10% drop from current levels.
•Market decline not over; Nifty already down over 9% from its 52-week high.
•High crude prices due to Strait of Hormuz disruptions and Iran-America conflict could impact India's economy, inflation, and corporate earnings.
•Auto, airlines, and oil marketing companies face pressure; IT, pharma, and metal sectors may fare better but no sector is immune if oil remains expensive.
•Emkay Global sees current market decline as an investment opportunity for long-term returns once oil prices normalize to around $70.
