West Asia Conflict, Oil Prices Set to Steer Stock Market This Week

Market analysts predict that key drivers for stock market movements this week will be developments in the West Asia conflict, crude oil prices, and US inflation data. The trading activities of foreign investors and global market trends are also expected to influence domestic equities.

Ajit Mishra, SVP at Religare Broking Ltd, emphasized that 'this week is expected to remain highly sensitive to global monetary policy, crude oil prices, and geopolitical developments.'

In relation to the West Asia conflict, Ponmudi R, CEO of Enrich Money, noted that Brent crude gained more than 8% during the week, while WTI crude rose over 9%, as renewed US-Iran hostilities increased the geopolitical risk premium in global energy markets.