West Asia Tensions Weaken India's Market Outlook

Rising West Asia geopolitical tensions have prompted Indian market participants to reassess risks tied to energy supplies, currency volatility and foreign capital flows, said Sridhar Sivaram of Enam Holdings. He warned that India imports about 50% of its crude and 30–40% of its LNG from Gulf Cooperation Council countries, and that the rupee has breached 92 per dollar. Sivaram said earnings and sectors such as IT face near-term uncertainty, advising selective stock-picking over broad-based buying.