---
title: "債券、原油和牛市：印度市場準備迎接新興風險"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/286678433.md"
description: "在四月份，印度的 Nifty Microcap 指數上漲了 21.55%，而 CNX500 指數上漲了 10.5%。儘管三月份市場出現下滑，零售投資者仍在系統投資計劃（SIPs）中投資超過 28000 億印度盧比。然而，美國國債收益率上升，目前已超過 4.5%，而印度盧比貶值，接近 100 盧比兑 1 美元，這引發了擔憂。印度對石油進口的高度依賴加劇了脆弱性，布倫特原油價格超過 100 美元。通脹壓力不斷加大，批發價格躍升至 8.30%。如果零售通脹超過 6%，政策制定者可能需要收緊流動性"
datetime: "2026-05-17T08:49:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286678433.md)
  - [en](https://longbridge.com/en/news/286678433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286678433.md)
---

# 債券、原油和牛市：印度市場準備迎接新興風險

This April, the Nifty Microcap index was up 21.55 per cent, an unprecedented rise since its launch in 2022. The CNX500 rose 10.5 per cent, the only month in the last five years in which it was up by more than 10 per cent. The market decline in March was treated like a festival-season discount sale. Retail investors kept pouring more than ₹28,000 crore a month into systematic investment plans (SIPs). Even though the Strait of Hormuz — through which roughly 20 per cent of global oil passes and gas trade takes place — has been closed off since March 2, something changed last week. For starters, Prime Minister Narendra Modi made an extraordinary public appeal urging Indians to avoid foreign travel and buying gold for one year. Governments do not usually ask citizens to postpone holidays or curb gold purchases unless there is a serious underlying anxiety about the balance of payments, currency stability, and foreign-exchange outflows.

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- [IEO.US](https://longbridge.com/zh-HK/quote/IEO.US.md)
- [USO.US](https://longbridge.com/zh-HK/quote/USO.US.md)
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- [UCO.US](https://longbridge.com/zh-HK/quote/UCO.US.md)

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