Crude Oil Volatility to Steer Markets Amid West Asia Tensions
Market sentiment this week is expected to be driven by crude oil volatility amid West Asia tensions. According to analysts, crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data will dictate stock market direction. Developments surrounding the Strait of Hormuz, foreign investor trading activity, and domestic quarterly earnings will also remain key monitorables for the Indian stock market.
Ajit Mishra, SVP at Religare Broking Ltd, said that domestically, investors will closely monitor the July CPI inflation print, WPI inflation, and the latest foreign exchange reserves data for fresh insights into inflation trends and external sector stability. He added that the Q1 FY27 earnings season will gather further momentum, with several companies scheduled to announce their quarterly results.
Ponmudi R, CEO at Enrich Money, said that globally, market participants will continue to monitor developments surrounding the Strait of Hormuz and movements in crude oil prices. He noted that the July US inflation report will be a key global event this week and that crude oil will remain another key monitorable for Indian markets.