Anil Rego: Major Market Declines Unlikely Without Sustained Global Energy Crises
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Deeper Market Drops Unlikely Without Energy Crisis, Says Anil Rego
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Moneycontrol•17-03-2026, 06:56
Deeper Market Drops Unlikely Without Energy Crisis, Says Anil Rego
•Anil Rego, Founder of Right Horizons PMS, states deeper market drawdowns are improbable without sustained global energy disruptions or broader macro deterioration.
•Oil prices saw significant volatility; Brent surged to $120, corrected to $100-102. $150 unlikely without major Strait of Hormuz disruption; $60-70 also improbable soon.
•Middle East tensions initially spiked oil, but the risk premium is unwinding. Russia diverting additional crude shipments to India helps stabilize supply concerns.
•Sustained oil prices above $90-100 per barrel would create macro headwinds for India, including higher import costs, inflationary pressures, and a wider current account deficit.
•During market corrections, focus on domestic consumption, private financials, manufacturing, infrastructure, defense, healthcare, and essential consumer goods.
