What will drive stock markets this week? Analysts flag oil moves, West Asia worries and more
Trading activity of foreign investors and trends in global markets would also be tracked by investors, analysts say
This week, market investors will be closely monitoring any implications stemming from US President Donald Trump's signing of the Sanctioning Russia and Iran Act. Crude oil prices and geopolitical tensions remain the primary drivers of equity markets. Indian equities are anticipated to be influenced by factors such as crude oil prices, global bond yields, and geopolitical developments.
A new source of uncertainty for Indian markets is the trade front, as the US President's new legislation grants the administration the power to impose tariffs of up to 100 percent on imports from major buyers of Russian oil and gas, with India being a potential recipient due to its substantial Russian crude oil purchases. The Act, which came into effect within 30 days of the President's signature, could lead to the imposition of duties on goods imported from the top five purchasers of Russian crude oil or natural gas by total volume in the 12 months prior to the law's enactment.
Globally, updates on the US-Iran tensions, crude oil prices, and Treasury yields will continue to be significant market drivers. Investors will also be monitoring key economic indicators, such as flash PMI figures in India, the US, and the Eurozone, as well as upcoming US labor market reports, in determining market direction both domestically and globally.
The listing of the National Stock Exchange of India (NSE) on September 24 is also a notable event for Indian equities, as it was fully subscribed on the second day of bidding, driven by an encouraging response from non-institutional investors and qualified institutional buyers.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
