Will Nifty, Sensex plunge for 9th straight week? TCS Q2, RBI MPC among 4 factors to drive Dalal Street from Monday
The Indian stock market is facing an unprecedented eight-week losing streak driven by rising oil prices, inflation, and bond yields. Investors are now looking toward the upcoming RBI Monetary Policy Committee meeting and corporate earnings for signs of a potential turnaround.
Why it matters
The performance of the Indian stock market is a critical barometer for emerging market health and global investor sentiment.
The Indian stock market has just set a record, but not one investors hoped for. Dalal Street has logged losses for eight consecutive weeks for the first time in 25 years, surpassing the streaks seen during the 2020 Covid-19 crash and the 2008 global financial crisis.A confluence of rising oil prices, soaring bond yields, and inflation worries has dented sentiment on the bourses, triggering a major selloff in Indian equities.Here are 5 factors that could affect D-Street move in the coming week:Oil pricesFor the week, oil prices were subdued after European leaders agreed to US President Donald Trump’s request to release diesel reserves in an effort to bring down fuel prices and reduce imports of the fuel from the United States.But analysts remain on edge. We simply don't know how to model the endgame, JPMorgan analysts said, highlighting the uncertainty over how the conflict could develop.
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