By Admin 
Stock Market Outlook: The direct impact of the uncertainty created by the Iran-Israel war has been seen on the Indian stock market. The turmoil continued throughout the week in the major benchmark indices BSE Sensex and NSE Nifty 50. Now the eyes of investors will be on the week starting from tomorrow i.e. March 9.
The direction of the stock markets this week will be mainly decided by the developments related to the ongoing conflict in West Asia and its impact on crude oil prices. Analysts said that apart from this, global market trends and the attitude of foreign investors will also affect investor sentiment. Let us know about this….
What do experts say?
“This week, fluctuations in global crude oil prices and geopolitical developments in West Asia will remain important external factors influencing the market direction,” said Ajit Mishra, vice-president, research, Religare Broking Ltd. Along with this, some key macroeconomic data will also be released, which can shape the perception of the near future.
On the domestic front, investors will keep a close eye on the Consumer Price Index (CPI) inflation data on March 12. Global oil standard Brent crude has jumped 8.52 percent to $ 92.69 per barrel.
Market likely to remain unstable
Ponmudi R, CEO of online trading and property firm Enrich Money, said the coming week is likely to be volatile, as market sentiment will be largely influenced by the ongoing geopolitical tensions in West Asia.
He said investors will keep an eye on global developments, especially crude oil prices. Because energy markets play an important role in influencing risk appetite.
FPI’s return difficult
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that uncertainty over the West Asia conflict, continuous decline in the market, sensitivity of the Indian economy to the rise in crude oil prices and sharp fall of the rupee increased the selling by FIIs.
Vijayakumar said that unless there is some clarity on the outcome of the conflict and a decline in crude oil prices, FPIs are unlikely to return to the market as buyers.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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