major market reaction, and like you say we ve seen prices up over 4% fuelled by the conflict in the middle east and it comes after oil prices suffered the biggest weekly drop since march last week which was reversing a lot of the price action we have been seeing betweenjune and september this year which of course was because of supply constraints from saudi arabia and russia but this increase in geopolitical risk is providing a major tailwind to oil prices today and the big question really is the market is wondering whether there is iranian involvement in the attack which is something that has been alleged by the israeli authorities because if they are, the tensions are likely to have a more longer lasting upward impact if it were to negatively impact oil surprise and supplies in terms of pushing prices higher so it depends on that.- pushing prices higher so it depends on that. 0k, we have the sense depends on that. 0k, we have the sense of depends on that. 0k, we have
Ajay Srivastava, CEO of Dimensions Corporate, believes that investing in PSUs is essential in sectors like transmission, defence, big power, and oil retailing. PSUs will get more traction certainly in the five sectors we have spoken about just now because simply there is none which exists. Despite market difficulties, focusing on trending sectors and considering large NBFCs can lead to better returns compared to banks.