Search+Investment IdeasSynopsisThe way things are panning out with the Gulf war, the probability of ever greater volatility in markets across the globe is high. And higher oil prices is bad news for the Indian economy as it can impact several sectors. So, it is perhaps better to think twice before taking positions in the stock market. And always remember this: Don't take any statement by any of the parties involved as gospel truth.There are two factors that may impact the performance of banking stocks in the near term. One is largely technical in nature and is well known: FPI selling. If foreign money flees the market in any significant way, banking stocks (where their ownership is high) are bound to come under pressure.The second factor: Crude oil prices. If they remain elevated for longer than expected, there is a very real fear of higher inflation. And higher inflation ETMarkets.com 10 mins read, Last Updated: Sep 02, 2026, 10:22:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership