$100 crude gives Rs 20 lakh crore shock to Nifty bulls this week. Best time to buy the fear?
Analysis of this story by et_markets · 13 Mar 2026, 2:04 PM IST (about 2 months ago)
AI Analysis
The metals sector, while not directly mentioned as impacted by crude, often sees correlated movements with broader commodity cycles and global economic sentiment, which is currently negative due to crude prices and geopolitical tensions. Higher energy costs can also impact metal production.
Trading Insight
Monitor metal stocks for potential short-term weakness due to overall market sentiment and higher energy input costs, but watch for signs of stabilization if global demand outlook remains robust.
Quick check: ONGC neutral (+0.0% 1d), IOC bearish bias (-0.3% 1d).
Key Evidence
- •Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth in India.
- •The Iran conflict is escalating, contributing to the rise in crude prices.
- •The Indian Rupee hit a record low.
- •Foreign Institutional Investors (FIIs) continue to sell in the Indian market.
- •Experts and Axis Mutual Fund suggest the current panic could be a rare long-term buying window.
Affected Stocks
ONGCOil and Natural Gas Corporation
Positive
Higher crude oil prices generally benefit upstream oil exploration and production companies.
IOCIndian Oil Corporation
Negative
Higher crude oil prices increase input costs for oil marketing companies, potentially squeezing margins if price hikes are not fully passed on.
People in this Story
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Sources and updates
Original source: et_markets
Published: 13 Mar 2026, 2:04 PM IST
Last updated on Anadi News: 13 Mar 2026, 2:26 PM IST
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