Strait of Hormuz Tensions, Crude Oil Prices to Drive Indian Equities

Indian equity markets are expected to remain sensitive to global macroeconomic developments this week. The Strait of Hormuz situation, crude oil prices, and the US-Iran standoff will likely shape investor sentiment.

With quarterly earnings season largely behind us, market participants are now focusing on global monetary policy signals and foreign investor activity for direction. According to Ajit Mishra, Senior Vice President-Research at Religare Broking, developments around the Strait of Hormuz and the direction of Brent crude will remain critical market drivers in the near term.