How will Sensex, Nifty behave on Monday? 4 factors to drive D-Street action this week
Indian stock markets are bracing for volatility this week due to rising geopolitical tensions between the U.S. and Iran and fluctuating global oil prices. Analysts are closely monitoring how these factors will influence the Sensex and Nifty indices.
Why it matters
Geopolitical instability in oil-producing regions directly impacts global energy costs and emerging market economic stability.
The Indian stock market overall recorded losses during the last week, with Sensex and Nifty extending a multi-session losing streak before recovering some gains later during the end of the week. Analysts now highlight that the market’s direction during the upcoming week will be determined by crude oil trajectory among other factors.Sensex gained over 3 points to close at around 77,541 on Friday while Nifty 50 rose 20 points to end the session at 24,252. Overall, Sensex dropped over 0.6% and Nifty lost around 0.5% during the week.Here are the 4 key factors that will likely determine market movement during the upcoming week between August 24 (Monday) and August 28 (Friday).Iran-US tensionsThe United States and Iran exchanged defiant messages ahead of scheduled announcement of new US economic sanctions on Monday that could impact Iran’s most important trading partners including China.
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