Iran-Israel conflictThe trend of stock markets will be affected this week by the quarterly results of companies and the activities of foreign investors. While giving this opinion, analysts also added that the market will also be affected by the movement of rupee against crude oil and dollar. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, said that this week is very important for the market amid the ongoing concerns regarding the conflict between Iran and Israel. He said if tensions escalate significantly, there is a risk of panic selling and increased volatility in global stock markets. Last week, BSE Sensex had fallen by 1,156.57 points or 1.55 per cent. The combined market valuation of 6 of the top-10 most valuable companies had declined by Rs 1,40,478.38 crore this week.
Crude oil prices will be monitored
Furthermore, the market will keep a close eye on the fluctuations in crude oil prices, as geopolitical events often affect them. This week, investors will also keep an eye on the quarterly results of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti. Last week, the BSE Sensex had fallen 1,156.57 points or 1.55 per cent. While Nifty fell 372.4 points or 1.65 percent.
Will also keep an eye on the quarterly results of companies
Siddharth Khemka, head of retail research, Motilal Oswal Financial Services Limited, said that this week the quarterly results of companies will be monitored along with global cues. He said investors will also keep an eye on US manufacturing and services PMI data, US first quarter GDP and Japan’s monetary policy.
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