MC-DD-05122018-OPEC meet's outcome may affect Indian markets

Investor sentiments are tied up to virtually every conceivable factor from global crude oil prices to results of impending elections.

On December 3, Indian Express reported that the strength of the Sensex, Nifty had ended flat over weak rupee and macro data. Macro economic data, as you know, is based on the examination of factors such as inflation, price levels, rate of growth, national income, gross domestic product (GDP) and more.

And this week, many news sources have also cited IANS (Indo-Asian News Service) to report that after opening over 200 points higher over signs of easing US-China trade tensions, rise in global crude oil prices, domestic factors including disappointing macro-economic data and uncertainty over state elections in Rajasthan have weighed investor sentiments.

Also, ahead of the OPEC meeting on December 6, the crude oil prices surged on expectations of supply cuts by the oil cartel.

In this Money Control Deep Dive, we will try and understand the impact of the OPEC summit on Indian economy but the basic question first.