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Market Ahead Podcast, July 6: Top factors that could guide markets today


As buoyant crude oil prices fan inflation fears and threaten to weigh on India s import bill, benchmark indices look set for a weak start to the session. Elevated crude prices can also dent the domestic rupee and put the spotlight on oil marketing companies in today s trade. That said, individual stocks will also be on investor radar following specific news flows.
At 7.35 am, SGX Nifty was trading 43 points down at 15,820.
Brent rose 1.3% to above $77 a barrel on Monday after OPEC+ ended days of talks without a deal to bring back more halted output next month, depriving the market of vital barrels as the global economic recovery gathers pace. Analysts expect the market to tighten further, which could push Brent past $80 a barrel. ....

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