As trading week kicks off,investors brace for markets shaped by Middle East tensions and domestic economic signals. Recent U.S.-Iran military exchanges could sway sentiment,especially crude oil prices.
Analysts say crude's path will play big role in market moves. Ajit Mishra,Senior VP at Religare Broking Ltd,said participants will watch various economic signals to assess India's economic health. Key points: Industrial Production Index (IIP),final HSBC PMI readings,and foreign exchange reserves updates.
“Market participants will closely monitor these indicators for fresh insights,” Mishra stated. The link between global oil prices and geopolitical events will stay crucial,he added. Investors also eye auto sales figures out July 1 as a consumer demand and economic activity gauge.
Ponmudi R,CEO of Enrich Money,noted market's sensitivity to geopolitical events. He said ongoing Middle East tensions could heavily sway week. “While broader diplomatic efforts are still in play,the recent flare-up has shown markets that geopolitical risks stay high,” he explained. Signs of talks or easing could lift risk sentiment,while more strain may force a rethink on global growth and energy markets.
Domestically,progress of southwest monsoon also grabs investor focus. Siddhartha Khemka,head of research at Motilal Oswal Financial Services Ltd,noted key economic releases from India and U.S. will be watched . “This week’s key data includes India’s manufacturing PMI and industrial production figures for May,along with U.S. manufacturing index,” Khemka noted.
Last week,Dalal Street ended with modest gains,BSE Sensex up 297.57 points or 0.38%,while NSE Nifty rose 42.9 points or 0.17%. With domestic and international factors in mix,investors face a week of potential market swings…
