US-Iran Conflict and Rising Crude Oil Prices Could Cut Nifty Earnings by 4%
The escalating tensions between the United States and Iran, coupled with surging crude oil prices, are emerging as significant risks for Indian equity markets. According to Somil Mehta of Mirae Asset Sharekhan, these developments could shave off as much as 4% from Nifty earnings, raising concerns among investors and policymakers about the broader economic impact….