ilmscore | Prediction Details
"if the price of crude oil drops then what will happen? Then the petrol price will drop, if the petrol prices drop, the transportation cost will drop and overall the production cost of any company should ideally drop. If that be so, the operating profit margins will increase and the final bottom line that is the profit before tax will also increase. If this be so, this will have an overall positive impact for the company and a positive impact for Nifty as well. On the other hand if you look at it, if the import bill reduces because of the falling price of crude oil, this will strengthen our current account deficit and our rupee will also appreciate and these factors will also contribute to a positive nifty."
By CA Rachana Phadke Ranade | August 10, 2022 | Pending
From video
Is My Portfolio at Risk | Impact of Crude Oil on Stock Market | CA Rachana Ranade 00:06:52 - 00:07:36
Interpreted Prediction
A drop in crude oil prices is expected to lead to lower petrol prices, reduced transportation and production costs, increased profit margins for companies, a stronger current account deficit, and a stronger rupee, all contributing to a positive impact on the Nifty.

Prediction Details

Topic
Crude Oil Prices and Nifty

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