Paint and Tyre Stocks Gain up to 3% as Crude Prices Fall: Understanding the Impact of the Reduced Demand Outlook
The stock market witnessed a surge in the shares of paint and tyre companies, with gains of up to 3% across the sector. This rally comes on the back of falling crude oil prices, driven by a reduced demand outlook globally. As crude oil is a major input cost for both paint and tyre manufacturers, … Read more