NEW DELHI: The domestic equity market may see some knee-jerk reaction, along with the rest of the world, to the US air strikes on Syria, when trading resumes on Monday.US early Saturday launched air strikes on Syria in a combined operation with France and Britain in response to a suspected poison gas attack that killed dozens of people last week. “The US strike on Syria will hurt crude oil prices which will impact India badly because for us crude is more important,” he said.Crude prices have already been on a boil, triggering fresh concerns across the globe. "The biggest concern that I see is the rising oil prices and it looks like the Saudis want to take the oil to $80 a barrel. "However immediate reaction can be seen on crude oil prices. From Indian macro point of view, oil price is an important factor as India imports 80 per cent of required oil.

Source: Economic Times April 14, 2018 10:30 UTC