Oil above $100 may trigger 10% Nifty correction, drag P/E to 18x: ICICI Sec (Soban News)

Brent crude oil has topped the $100-mark which may trigger a 10 per cent fall in Nifty, warns ICICI Securities. Rising oil prices could widen India’s trade deficit and push inflation higher​Brent crude oil has topped the $100-mark which may trigger a 10 per cent fall in Nifty, warns ICICI Securities. Rising oil prices could widen India’s trade deficit and push inflation higher ​Latest News [ SOBAN NEWS: International and National ]