Crude price above $100 could dent India's earnings growth from Q1 FY27, warns Axis Securities

India's equity markets face a critical juncture as crude oil prices approach $100 per barrel. Axis Securities advises investors to hold positions and selectively add quality stocks, warning that sustained high crude could lead to earnings cuts from Q1 FY27. The firm highlights the economy's strong fundamentals but identifies crude oil as the primary near-term risk.