‘Triple Whammy’ Hits India: Manishi Raychaudhuri’s ‘Falling Knife’ Warning As Sensex, Nifty Tumble

By NDTV Profit

Community Score: 50% | 672 views | 3w

0 community ratings: null thumbs up, null thumbs down

Indian markets are under heavy pressure as a combination of rising US yields, geopolitical uncertainty in the Middle East and concerns around energy prices rattles investors. Manishi Raychaudhuri says emerging markets are facing not just a double but potentially a “triple whammy”. Higher US yields are putting pressure on emerging-market currencies while creating a “gravitational pull” towards dollar-denominated assets. For India, dependence on imported oil, gas and fertilisers adds another layer of vulnerability as tensions involving the US and Iran persist. With the Sensex and Nifty tumbling and volatility rising, is this the time to buy the dip? Raychaudhuri cautions that entering simply because markets have fallen could be like “trying to catch a falling knife”, warning that investors do not yet know how much worse the situation could become. Watch the full conversation for his assessment of Indian equities, the rupee, oil, US yields, RBI policy and where money could move within

Tags: Manishi Raychaudhuri, stock market today, Sensex today, Nifty today, Sensex fall, Nifty fall, Indian stock market, stock market crash, India market fall, market selloff, catching a falling knife, triple whammy India, US Treasury yields, US bond yields, Iran tensions, US Iran conflict, crude oil prices, oil price today, India VIX, rupee fall