New Delhi: The Stock Market on Monday could be heavily impacted with the failed talks between the US and Iran in Pakistan, analysts are of the view. The West Asia conflict, crude oil prices are also expected to could weigh heavily on investors’ sentiments.
A top Iranian official said on Sunday confirmed to talks between Tehran and Washington did not yield any positive results due to “excessive demands” made by the American side. However, Iranian Foreign Ministry spokesperson Esmaeil Baqaei, emphasised that “diplomacy never ends”.
Commenting on the outcome of the talks, US Vice President JD Vance, who led the American delegation, said the discussions failed to reach a peace deal as citing Tehran was not willing to forgo its nuclear programme as one of the key sticking points.
The Indian Stock Markets had surged last week as US-Iran announced ceasefire and a sharp decline in crude oil prices, which dropped below the USD 100 mark. Last week, the BSE Sensex soared 4,230.7 points and the NSE Nifty rallied 1,337.5.
The impact of inconclusive US-Iran talks on Stock Market
“The Nifty-50 enters the upcoming week at a critical inflexion point. After staging a sharp recovery and reclaiming the 24,000 mark, the market had begun to reflect cautious optimism,” Hariprasad K, Research Analyst and founder, Livelong Wealth, told PTI.
The expert said with talks between the United States and Iran yielding no positive result, it has materially altered the near-term outlook.
“With negotiations ending without a resolution, markets are now bracing for a return of volatility that characterised earlier phases of the conflict,” he said.
Stock Market investors awaiting Q4 Results, inflation data
Stock Market investors would also keep a close watch on the inflation data announcements, Q4 corporate results of domestic companies and trading buying and selling activities of foreign institutional investors.
Ajit Mishra – SVP, Research, Religare Broking Ltd, said the Q4 results season is on and market players would be awaiting the financial performance of the heavyweight companies, such as HDFC Bank, ICICI Bank, and Wipro. Also, CPI inflation data would be released on April 13 and WPI inflation on April 14, which will provide insights into inflation trends.
Foreign investors have continued with their selling spree, as they pulled out Rs 48,213 crore (USD 5.14 billion) in April 20 far.
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