By Admin 
Stock Market Outlook: According to experts, due to the increasing crisis in West Asia, there will be a negative reaction in the stock markets on Monday. However, the fall in the market will depend on how long this conflict continues.
America and Israel attacked Iran on Saturday. Iranian state media confirmed on Sunday morning that Iran’s supreme leader Ayatollah Ali Khamenei had been killed in the attack.
What is the expert opinion?
Apart from the geopolitical situation, announcement of macroeconomic data, global market trends and stance of foreign investors will also affect investor sentiment. Stock markets will remain closed on Tuesday on the occasion of Holi. Santosh Meena, Head of Research, Swastika Investmart Limited, said that after the increased geopolitical tension in West Asia, the enthusiasm of investors has further reduced.
According to Meena, for an oil importing economy like India, high crude oil prices pose risks to inflation, fiscal balance and expectations of interest rate cuts.
This external shock comes at a technically weak moment for the market. He said that amid geopolitical uncertainty and high crude oil prices, the markets may open with a decline on Monday. Investors will also react to third quarter gross domestic product (GDP) data and monthly vehicle sales data.
price of crude oil
Global oil standard Brent crude has risen 2.87 percent to $ 72.87 per barrel. VK Vijayakumar, chief investment strategist, Geojit Investments Ltd, said, the market will react very negatively.
If crude oil prices remain high for a long time, our trade balance and balance of payments will be affected, as we meet about 85 percent of our oil needs through imports.
How was the market on Friday?
There was a huge decline in the Indian stock market on the trading day of Friday, 27th February. Major benchmark indices BSE Sensex and NSE Nifty 50 ended the day trading in the red.
Sensex fell by 961.42 points or 1.17 percent to 81,287.19 points, while NSE Nifty 50 slipped by 317.90 points or 1.25 percent and closed at 25,178.65.
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.)
Also read: Oil crisis deepened due to Israel-Iran conflict? India tightens its belt, backup plan ready; Know the details