The domestic stock market will continue to monitor the Israel-Iran conflict and its impact on global supplies besides prices of crude oil this week, analysts said.
Global trends and trading activity of foreign investors would also drive investors’ sentiment during the week.
The Indian stock market concluded the last week on a robust note, shrugging off mid-week volatility triggered by escalating tensions in the Middle East and a spike in crude oil prices, an expert said.
“This week, global cues will remain the dominant force, with a focus on geopolitical tensions between Iran and Israel, US economic data, and commentary from the Federal Reserve officials.
“Domestically, investors will closely monitor monsoon progress, volatility related to monthly expiry, crude oil price movements, and FII activity for further cues,” Ajit Mishra,? SVP, Research, Religare Broking Ltd, said.
On Friday, the BSE Sensex surged 1,046.30 points, or 1.29 per cent, to settle at 82,408.17. The 50-share NSE