The country is also gearing up for significant assembly elections in Karnataka, Chhattisgarh, Madhya Pradesh and Rajasthan before general elections are held. Spike in crude prices could impact the macro-economic balance.”Ritesh Jain, chief investment officer at BNP Paribas Asset Management India Pvt. Ltd, lists the global risk off sentiment, strengthening dollar and higher crude oil prices as the three major concerns for the markets. “More than that, the worry is on rising oil prices that will impact fiscal deficit. An increase in oil prices is likely to put pressure on fiscal and current account deficits in the year ahead as India imports majority of its oil requirement.

Source: Mint April 02, 2018 01:52 UTC