West Asia Conflict, Crude Oil Prices to Drive Market Sentiment This Week
The stock market is expected to remain influenced by developments in the West Asia conflict and crude oil prices, according to analysts. The US Federal Reserve's policy decision will also play a significant role in shaping market sentiment.
Ajit Mishra, SVP of Research at Religare Broking Ltd, stated that 'developments surrounding the US-Iran conflict, shipping activity through the Strait of Hormuz, and movements in crude oil prices will remain key drivers of global risk sentiment.'
The market is also expected to be driven by quarterly earnings, with major companies such as Coal India, BEL, Larsen & Toubro, Hindustan Unilever, Adani Enterprises, Asian Paints, Adani Ports, Bajaj Finance, Mahindra & Mahindra, Tata Steel, Maruti Suzuki, ITC, and Sun Pharma set to report their results.
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, noted that 'investor attention in the week ahead is expected to remain firmly anchored on developments in the Middle East.' He added that 'more important than the rate decision itself will be the Federal Reserve's assessment of the inflation outlook, economic growth, and the likely trajectory of monetary policy over the coming quarters.'