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SHARE MARKET TODAY · INDIAN ·

West Asia conflict, crude prices likely to drive stock markets this week

As reported by Share Market Today
Developments in the West Asia conflict, crude oil prices, and US inflation data would be the major drivers for the stock market next week, according to analysts. Besides, trading activities of foreign investors and global market trends will also influence domestic equities. "This week is expected to remain highly sensitive to global monetary policy, crude oil prices and geopolitical developments. Investors will closely monitor the impact of the stronger-than-expected US employment data on expectations regarding the Federal Reserve's September policy decision," Ajit Mishra SVP, Research, Religare Broking Ltd, said. On the domestic front, investors will continue to monitor foreign institutional flows, the rupee, crude oil prices and domestic liquidity, he added. "Developments around the Strait of Hormuz will also remain a critical monitorable given their implications for India's inflation, external balance and corporate profitability," Mishra noted. Brent crude gained more than 8 p
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