/Morgan Stanley picks India stocks that can gain as oil prices rise
Morgan Stanley picks India stocks that can gain as oil prices rise

Morgan Stanley picks India stocks that can gain as oil prices rise

A man holds a petrol nozzle in a petrol pump in Kolkata, India, 03 July, 2021.

Indranil Aditya | NurPhoto | Getty Images

High energy prices tend to be bad news for India, which buys more oil than it sells. But the tighter market could actually be good news for India’s energy stocks due to two trends, according to Morgan Stanley.