Crude oil rally & sector-wise impact: Past oil shocks suggest it may be time for stock rotation
Historically, said Axis Securities, periods of sharp crude oil price increases have triggered inflation spikes, rupee depreciation, and pressure on oil-dependent sectors, while benefiting upstream energy companies. Axis Securities on Monday said crude oil cycles often create sector rotation opportunities, making portfolio positioning critical. It cited past oil shocks, including the global financial crisis (GFC)…