Dalal Street outlook: Markets seek recovery after two-week slide

After two weeks of declines, Dalal Street could see some consolidation this week, with crude oil prices and developments in the US-Iran conflict likely to remain key drivers of market sentiment, analysts said.Brent crude prices, which are currently above $90 a barrel, will be closely watched, along with geopolitical developments, Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services Ltd, said."After two weeks of correction in the Nifty, Indian equity markets could consolidate, with marginal recovery expected in the near term. Key monitorables include Brent crude prices, which are anchored above $90/barrel and geopolitical developments," Khemka told PTI.The global market focus will also be on the US Federal Reserve's policy outlook.