Dalal Street braces for volatile week
Dalal Street investors are preparing for a volatile week due to geopolitical tensions, rising oil prices, and a weakening rupee. Market sentiment is further pressured by foreign fund selling, though some moderation in selling has been observed.
Why it matters
Reflects the sensitivity of emerging markets to global geopolitical instability and macroeconomic shifts.
MUMBAI: Rising geopolitical risks, elevated crude oil prices, a weakening rupee and unabated foreign fund selling have combined to force Dalal Street investors on the back foot. As a result, markets are bracing for another volatile week. In addition to the above factors weighing on sentiment, there are talks of renewed military attacks on Iran by the US-Israel combine ahead of the crucial polls in the two countries where the incumbent heads of state are expected to face severe election setbacks.One of the highlights of the week would be the listing of Jio Platforms which on Friday closed the biggest IPO in India ever and is expected to list on Oct 28.As talks of an escalation in war in the Persian Gulf circulated, Brent crude prices jumped to above the $114 per barrel level on Friday and settled at about the $112 level, levels not seen since May this year.…
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