Factors Watch

• Investors are monitoring the geopolitical situation between the US and Iran, as any escalation could negatively impact global risk sentiment and market stability. • Market participants are also awaiting the Jackson Hole symposium, specifically focusing on the debut appearance of Federal Reserve official Warsh. • These factors, along with several other key indicators, will likely drive volatility and direction for Dalal Street in the coming week.

• Indian equity markets, including the Nifty and Sensex, have declined for five consecutive sessions due to rising oil prices, geopolitical tensions, and persistent foreign institutional investor (FII) outflows. • Technical indicators show continued weakness, with the Nifty currently facing a key support level near 23,600 and resistance around 24,000. • Investors are closely monitoring five critical factors this week to determine market direction: the US Federal Reserve meeting, Q1 corporate earnings, rupee fluctuations, and crude oil trends.

• Indian markets are expected to remain volatile with a positive bias as investors focus on June quarter earnings and the impact of renewed West Asia tensions on oil prices and the rupee. • Global attention will shift to the European Central Bank's policy meeting on July 23, where economists generally expect interest rates to remain unchanged. • Investors will also monitor Japan’s inflation data and flash PMI figures to gauge future interest rate directions and economic health.