Crude oil, rupee & interest rates: Is the macroeconomic squeeze spreading to equities?

What happened: Indian equities face pressure from elevated crude oil prices, rupee depreciation and tighter monetary policy after the RBI's 25-basis-point repo rate hike failed to Why it matters: Analysts disagree on how much stress is priced in. Garima Kapoor of Elara Capital said equities price in more stress than exists and the market is near a trough, while Vijayakumar said the stress is discounted and Q2 results will drive the trend. Sectors: Analysts cited financials, power, consumer discretionary, automobiles, telecom and select pharmaceuticals as preferred or resilient areas.

Indian equities face pressure from elevated crude oil prices, rupee depreciation and tighter monetary policy after the RBI's 25-basis-point repo rate hike failed to

Analysts disagree on how much stress is priced in. Garima Kapoor of Elara Capital said equities price in more stress than exists and the market is near a trough, while Vijayakumar said the stress is discounted and Q2 results will drive the trend. Sectors: Analysts cited financials, power, consumer discretionary, automobiles, telecom and select pharmaceuticals as preferred or resilient areas.