NLCINDIA.NSE

NLC India Ltd

The raging war in the oil-rich Middle East has rattled stock markets across the globe, with Dalal Street being no exception. After crashing more than 11% in March, Elara Securities said that historical patterns suggest limited downside for the benchmark index Nifty.The domestic brokerage cited data from the timeframes of seven major geopolitical conflicts in the past 25 years - Iraq war (2003), the Lebanon war (2006), the Libyan Civil War (2011), Russia–Ukraine (2022), Israel–Hamas war (2023), Iran–Israel conflict (2025), and the ongoing US–Iran escalation. It said that Nifty’s drawdown during the onset of conflicts has usually been capped at approximately 10%. Hence, historical patterns suggest limited downside for the benchmark index now, after the 11% crash in March.“Importantly, once early signs of normalisation emerge, markets tend to recover swiftly,” Elara said. However, it noted that the key exception to this historical pattern was in calendar years 2011-2014 when Brent sustained above $100 per barrel, leading to a prolonged sideways market without meaningful highs.

In this briefing: The Great Petrodollar Pivot: Tracing the Trillions Flowing Away From US Debt TAC Index Weekly Air Cargo Bulletin 23 March 2026 Exencial Industry Tidings - 24-03-2026 Why India's Mutual Funds Are Selling Bonds at a Record Pace? From Gas to Coal: The Hidden Hedge in Energy Markets 1. The Great Petrodollar Pivot: Tracing the Trillions Flowing Away From US Debt The petrodollar equation mandated pricing oil exclusively in US dollars, which exporters recycled into US Treasuries, structurally cementing the dollar's global dominance This system recently fractured because the 1974 agreement expired, and nations are aggressively diversifying their reserves to insulate against Western financial sanctions Middle East still controls crucial oil chokepoints, surplus capital now flows into global petroleum equities rather than traditional US government debt 2. TAC Index Weekly Air Cargo Bulletin 23 March 2026 Global air freight rates continued to rise sharply last week as war in the Middle East raged on and market activity remained affected, according to the latest data from TAC Index, the leading price reporting agency on air freight markets.

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