Markets and oil prices: What to expect on Monday, 15 April

Srinagar: The ongoing tensions between Israel and Iran are likely to be a key factor influencing both Indian markets and global oil prices on Monday, April 15, 2024.

Based on the analysis of multiple media reports, here is a breakdown of the market and oil outlook on Monday:

As per a report in the Week magazine, analysts have warned of panic selling and increased volatility in the stock market (Dalal Street) if the Israel-Iran conflict escalates significantly coming week.

The release of tech giant TCS’s quarterly earnings report could also influence market trends, The Week said.

Global Oil Prices

The geopolitical situation surrounding Iran, a major oil producer, could push oil prices higher. Markets are already anticipating prices to remain above $90 per barrel, according to India Infoline.

US Inflation Data

The release of US consumer inflation data could further impact oil prices. Rising inflation might lead the US Federal Reserve to delay interest rate cuts, potentially affecting global markets, India Infoline said.

Overall Outlook

The combined effect of the Israel-Iran tensions and US inflation data has created  uncertainty for both Indian markets and global oil prices.

Possible Scenarios

If the tensions de-escalate, markets might experience some relief.

A significant escalation could trigger a sell-off in stocks and further increase oil prices.

Analysts believe that investors should closely monitor developments in the Middle East and the US inflation data.

A cautious approach might be advisable until the situation becomes clearer.