Equity, oil markets can breathe easy for now as tension in Russia cools off

Analysts believe, the progress of monsoon, FII and DII fund flows and the upcoming Q2 earnings, are the key triggers for Indian markets

Equity and oil markets can breathe easy for now, as the developments in Russia are unlikely to trigger a runaway rally in crude oil prices, said analysts. India, which imports nearly 80 per cent of its crude oil requirement, has been dependent on cheap Russian oil over the past few months to keep inflation – a sore point for the equity markets – in check.

For the Indian markets that are expected to remain volatile amid these developments, analysts believe, the progress of monsoon, fund flows – both foreign institutional investor (FII) and domestic – and the upcoming corporate earnings