New Delhi, March 27 -- If you belong to the group of investors who believe that the end of the West Asian war will swiftly drive crude oil prices lower and trigger a sustained bull run in the Indian stock market, brace yourself for disappointment.

The hope of healthy stock market returns driven by an earnings recovery is now hanging by a thin thread, thanks to soaring crude oil prices.

Brent crude remains above $100 per barrel, fanning fears that the appealing story of Indian economic growth is on the cusp of taking a serious hit.

Brent oil June futures (June contracts) have surged 40% in March so far- the worst is that it is still rising due to the US-Iran war.

The Indian economy is significantly exposed to the macroeconomic risks em...