How will Nifty, Sensex behave on Monday? US Fed rate hike bets, among 4 factors to drive D-Street action
Indian stock markets face uncertainty heading into Monday due to rising crude oil prices, increasing global bond yields, and speculation regarding US Federal Reserve interest rate hikes. Analysts are concerned that these macroeconomic pressures may dampen investor sentiment in the Indian equity market.
Why it matters
Macroeconomic shifts in the US and global energy markets directly impact the stability and performance of emerging market economies like India.
The Indian stock market closed in the green on Friday, although Sensex and Nifty erased most of the intraday gains to close near intraday lows after the closing auction session (CAS).Sensex gained 363 points to close at 76,515 while Nifty 50 rose over 24 points to end the session below 23,898 on Friday. Broader markets closed mixed, with Nifty Midcap 100 slipping into the red, while Nifty Smallcap 100 closed in the green.Here are major factors that drive market mood starting MondayOil gains again - Crude oil prices gained about 8% this week after US and Iran exchanged strikes after a month, reigniting fears of a supply crunch as the Strait of Hormuz remains shut for oil transit.
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