Nifty: Five reasons India’s markets are sinking even when its economy is growing

“This single variable tends to influence the markets quite negatively,” Hari Shyamsunder, a fund manager with Franklin Templeton Asset Management India, told the BBC. “Markets can absorb crude between $70 and $90, but when prices move above $100 a barrel, it starts putting stress on macro-economic variables such as inflation and also company earnings and margins.”