Business · Markets · 1 day ago
ANMI president expects lower oil prices to support Indian stocks
ANMI president Kamlesh Shroff expects India's equity market to do well in the new Samvat year.
He spoke at the National Stock Exchange during Diwali's Muhurat trading, a special market session held for the festival.
Shroff said economic growth above 7% would support the market.
He also said lower crude oil prices could strengthen the rupee and encourage foreign investors to return.
Domestic investors have supported the market while foreign investors have been net sellers over the past two years.
Shroff said clearer global conditions could reduce uncertainty and help businesses perform better, while renewed foreign buying alongside domestic investment would add support.
ANMI President Kamlesh Shroff expects lower crude oil prices and improving global conditions to support Indian stocks in the new Samvat year.
He said India’s economic growth of more than 7% should help equity markets perform well.
Shroff said lower crude prices could strengthen the rupee and encourage foreign investors to return.
He also said greater clarity after the US elections could ease geopolitical tensions, restore business confidence and reduce market volatility.
Domestic investors have supported the market while foreign investors were net sellers over the past two years, he said.
- Who
- Kamlesh Shroff, National President of the Association of NSE Members of India.
- What
- He said lower crude prices and improving global conditions could support Indian stocks in the new Samvat year.
- When
- On the occasion of Muhurat trading and Deepawali; the article was published on November 8, 2026.
- Where
- At the NSE.
- Why
- Shroff said lower crude prices could strengthen the rupee and draw foreign investors back, while global stability could improve business confidence.
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- Economic growth outlook
- Over 7%
- Speaker
- Kamlesh Shroff, ANMI National President
- Event
- Muhurat trading and Deepawali at the NSE
- Investor activity
- Domestic investors supported markets as foreign investors were net sellers over the past two years
1 source
What people are saying
Our overall growth story remains intact at a 7%+ rate, so from that perspective, I think markets will do well
Another factor is the US elections, which have already shown clarity, so geopolitical tensions should now ease. From that perspective, businesses will definitely perform much better than they did in the last Samvat
Now, if FIIs and FPIs also start buying, I think that will be great news for the overall Indian markets