Stock markets in India experienced a decline of about 1% on April 15 due to concerns about rising tensions between Iran and Israel. This conflict made investors cautious and less willing to take risks.
After a period of strong growth recently, analysts predict that the market might stabilize for a few days. This pause comes as companies start announcing their financial results for the fourth quarter and as voting for the Lok Sabha begins later in the week.
Experts like Devarsh Vakil from HDFC Securities believe that various factors such as the Iran-Israel conflict, economic data, crude oil prices, corporate earnings, the upcoming general elections, and global influences will influence the market this week.
Devarsh Vakil predicts that the Nifty could decline further to around 22,303-22,142 levels in the coming days, but he expects the overall positive trend to continue after this temporary correction.
However, Anand James from Geojit Financial Services thinks that if the Nifty falls below certain levels (like 22,200), it might signal a bigger shift in the market’s positive outlook.
The India VIX, which measures volatility, increased by more than 7%, indicating higher uncertainty in the market.
Investors were closely watching Tata Consultancy Services (TCS), a major IT company, after it reported better-than-expected earnings for the March quarter. Despite positive long-term prospects due to digital transformation, analysts remain cautious about short-term market conditions.
Oil prices remained stable, with Brent Crude above $90 per barrel and WTI Crude above $85 per barrel.
Overall, market experts advise caution and suggest consulting certified professionals before making investment decisions.
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