Posted 4/15/2024, 1:41:01 AM
Geopolitical Tensions Threaten Commodity Prices and Indian Stocks
- Crude oil prices likely to climb higher due to Iran's attack on Israel and expectations of retaliation, threatening commodity price inflation
- Indian equity valuations already stretched, giving investors reason to wait out heightened geopolitical uncertainty
- Emkay Research sees commodity price risk as bigger threat to Indian equities than Fed interest rate hikes
- Navin Flourine, Exide Industries, TCS, and Adani Ports & SEZ in focus with stock-specific bull and bear cases
- Adani Ports owns Haifa port in Israel, making it potentially vulnerable if conflict escalates further