Motilal Oswal Chairman Attributes Market Volatility to Geopolitical Pressures

Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, stated that geopolitical tensions and high oil prices are pressuring India's forex situation despite a booming domestic economy.

The Nifty 50 index gained 2.2% in July 2026, marking its second consecutive month of growth, even as the index remains down nearly 7% year-to-date.

Manufacturing and automotive sectors are identified as key growth drivers, with major producers reporting volume increases between 20% and 50% for July.