Iran-Israel war, crude oil, FII flows among 9 factors that may steer markets this week
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Benchmark indices closed sharply lower on Friday amid broad-based selling, with auto, financials and FMCG stocks bearing the brunt. As domestic markets reopen on Monday, a packed calendar of global and domestic triggers is expected to shape investor sentiment. The 50-stock Nifty declined 317.90 points, or 1.25%, to settle at 25,178.65. Rupak De, Senior Technical Analyst at LKP Securities, said the index has fallen steeply after spending three sessions below its key short-term moving average. It has also slipped beneath the 200-day moving average (DMA), signalling continued weakness in the near term. “The RSI indicator has turned sharply bearish. In the short term, the index may remain under selling pressure, with any rally likely to face resistance. Immediate support is seen at 25,000 and 24,750 levels, while resistance is placed at 25,370,” De said. 1) Iran-Israel war By the time global markets open on Monday, the Iran-Israel conflict co...