Weak oil prices is very good for India one may argue but for the moment the market will not factor that as it adjusts with global sentiment. The S&P 500, Nasdaq and Dow were all down 0.7%. Asian markets are witnessing a sea of red with Nikkei down over a percent while China’s Shanghai has dropped over 1.5%. Hong Kong’s Hang Seng has lost nearly 2% while South Korea’s Kospi has shed half a percent.
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