Clever: Five reasons why Indian markets collapse even when the economy is growing

“This single variable tends to influence markets quite negatively,” Hari Shyamsunder, fund manager at Franklin Templeton Asset Management India, told the BBC. “Markets can absorb crude at $70 to $90, but when prices rise above $100 a barrel, it starts to put pressure on macroeconomic variables such as inflation as well as corporate profits and margins.”