West Asia war, crude oil prices likely to steer stock markets this week

Developments related to the ongoing month-long war in West Asia, its impact on crude oil prices, and global trends would continue to be key drivers for domestic equities in the holiday-shortened week ahead, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would also play a crucial role in dictating investors' sentiment. Stock markets would remain closed on Tuesday and Friday for Shri Mahavir Jayanti and Good Friday, respectively. "This week is expected to remain influenced by global macro developments, particularly crude oil price trends and progress in the US-Iran ceasefire negotiations, which will be critical in shaping market sentiment. Stability in the rupee will also be important for any revival in foreign institutional flows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. On the domestic front, key data releases include industrial production data for February and the HSBC Manufacturing PMI for March, which will provide insight

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