Will Sensex, Nifty continue to bleed on Monday? 4 factors which will drive D-Street action this week
Indian equities are likely to remain range-bound in the week of August 17–21, with elevated crude prices, global uncertainty and shifting US Fed expectations keeping investors cautious. Sensex fell around 500 points and Nifty 205 points last week, while broader markets declined further. Analysts highlight four key factors that could drive Dalal Street’s direction this week, including crude…
The Indian stock market remained range-bound last week, with the Sensex dropping around 500 points and the Nifty falling 205 points. Analysts predict four factors that will influence the market between August 17 and August 21. The first factor is crude oil prices, which jumped over $1 per barrel due to tanker attacks and a lack of progress in the Iran peace talks.
This could impact market action this week. Second, Middle East tensions, including Iran's threat of war and Israeli airstrikes, may spook investors. Third, the Federal Reserve's minutes from their recent meeting will be closely watched for any clues on potential rate hikes next month. Lastly, Foreign Institutional Investors (FIIs) net purchased shares worth Rs 508 crore, indicating continued support for Indian equities despite external headwinds.
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