West Asia Conflict Drives Market Volatility in India

Indian equity markets remained volatile and under pressure during the week.

Developments in the West Asia conflict, crude oil prices, and US inflation data will drive market sentiment next week, according to analysts. The Strait of Hormuz situation is critical for India's inflation, external balance, and corporate profitability.

Brent crude gained over 8% during the week, while WTI crude rose more than 9%, as renewed tensions between the US and Iran increased geopolitical risk in global energy markets.