New Delhi, Nov. 13 -- India's industrial equipment sector is expected to benefit from easing raw material prices and freight costs in the coming quarters, potentially leading to a recovery in manufacturers' profit margins, according to a report by Jefferies.

The report noted that crude oil prices and freight rates had surged by 29 per cent and 131 per cent, respectively, since March 1, 2026, mainly driven by US-Israel-Iran tensions.

Highlighting the recent moderation in costs, the report stated, "Post the US mid-term election, crude oil declined 10% and other commodities/freight prices stabilized or dipped."

At the time of reporting, Brent crude was trading at around USD 96.36 per barrel, while crude oil was trading at around USD 88.99...