Market Awaits Clarity on Interest Rates Amid Ongoing West Asia Tensions
Indian equities declined nearly 2.7 percent last week as investors grew concerned about inflation, escalating West Asia tensions, and oil price spikes.
Crude oil prices surged to $100 a barrel, with Brent crude futures closing the latest week at $96.78 a barrel, up nearly 10 percent.
The US Federal Reserve's policy meeting and June-quarter GDP data will be closely watched this week, as investors seek clarity on interest rates and economic growth.
Nearly 300 companies, including Nifty 50 names like Bharat Electronics and Hindustan Unilever, are set to release their Q1 earnings in the coming week.