Geopolitics and Crude Oil to Drive Dalal Street This Week

Indian equities are expected to remain sensitive to geopolitical developments this week, after snapping a two-week winning run.

The Strait of Hormuz and US-Iran standoff will continue to influence trading activity, with crude oil prices also playing a crucial role.

Ajit Mishra, SVP at Religare Broking Ltd, said that the trajectory of Brent crude will remain critical for market drivers in the near term.

The quarterly earnings season is now behind investors, who are focusing on global monetary policy and foreign investor flows.

Key events include the release of minutes from the US Federal Open Market Committee's July meeting on August 19, which could provide indications on the Federal Reserve's policy outlook.