Crude oil prices have remained above $100 per barrel, raising concerns for India's economic stability. Dr. V K Vijayakumar, Chief Investment Strategist at Geojit, indicates that if oil prices stay elevated for more than two weeks, the economy could face adverse effects, including a 20 basis point reduction in GDP growth and increased inflation. While the market currently anticipates a quick resolution to geopolitical tensions, prolonged conflict could lead to further corrections, especially if prices rise above $120. The impact on Q4 earnings is expected to be minimal, with more significant effects likely in Q1 FY27, particularly for industries reliant on petroleum products. Despite high valuations, small cap stocks may offer investment opportunities. The banking sector is viewed as attractively valued, although inflation could complicate future interest rate decisions. Overall, the next two weeks are critical for assessing market resilience in light of fluctuating crude oil prices.