The movement of crude oil prices and Sensex, over the past five years, have been a mirror images of one another—when one rises, the other fallsWhat is the relationship between the Sensex and crude oil prices? But chart 2, which shows the relationship between the Sensex and crude oil prices in the last one year, offers some hope. That raises the obvious question: now that oil prices are moving up again, does that mean the market will fall? It should, given that the fundamentals of the economy will no longer have the benefit of falling oil prices. There is little doubt that India benefits immensely from a fall in oil prices.

Source: Mint June 10, 2016 02:03 UTC