US–Iran talks, oil prices, RBI’s interest rate decision key drivers for mkts this week: Analysts
NEW DELHI, May 31 (PTI): Developments around the US–Iran situation, crude oil prices, and the RBI’s interest rate decision would determine the trend in the equity market in an event-heavy week ahead, analysts said.
Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would act as key drivers for equities, they noted.
“Participants will closely monitor global developments surrounding the US–Iran situation and movement in crude oil prices, which continue to remain critical for inflation expectations, currency stability, and foreign flows,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
