New Delhi, May 4 -- India relies on imports for nearly 90% of its crude oil needs, making it sensitive to rising global oil prices, which typically strain corporate margins, the current account deficit, and the rupee. Generally, the domestic market holds a strong inverse relationship with crude prices. However, recent market trends have deviated from this pattern, with Indian equities showcasing better performance despite crude prices touching to alarming peak of $126. This shift is supported by comfortable valuations, better earnings visibility, and confidence in the strength of the domestic economy. However, sustenance of the bias is highly vulnerable to a persistent rally of crude, which will further impact Q1 and Q2 FY27 corporate ear...