MUMBAI: Global crude oil prices along with macro-economic data points, coupled with fourth quarter (Q4) earning results might induce volatility in the Indian equity markets during the coming week.
According to market observers, the last few phases of the general election and the rupee’s movement against the US dollar can also trigger volatility during the week’s trade sessions.
“The main factor at play will be the trajectory of oil prices,” said Joseph Thomas, Head Research at Emkay Wealth Management.
“This assumes greater importance due to the fact that there was a sharp fall of close to two per cent in oil prices on Friday due to the relatively higher probability of Saudi Arabia and the United Arab Emirates increasing oil supply to bridge the supply gap due to complete of elimination of Iranian oil supply.”
