Can Sensex, Nifty extend gains on Monday? Oil prices, 5 factors to guide Dalal Street this week
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- Iran‑US conflict – Ceasefire talks and a 10‑day Lebanon‑Israel ceasefire raise hopes of an early resolution, easing geopolitical risk.
- Oil prices – Brent crude fell 9.07% to $90.38 a barrel, while WTI dropped 11.45% to $83.85, relieving inflation pressure on Indian consumers.
- Major banks – HDFC Bank, ICICI Bank and Yes Bank posted Q4 net profits of Rs 19,221 crore (+9%), Rs 13,702 crore (+8.5%) and Rs 1,068.4 crore (+44.8%) respectively, boosting market sentiment.
- Rupee – The rupee gained 0.3% to 92.9250, near a one‑week high, supported by RBI interventions and lower oil costs.
- Technical support – Sensex/Nifty have immediate support near Rs 92.28, a stronger base at Rs 91.91, and a break below could expose Rs 91.05.
Why it matters: Brent crude's 9.07% decline to $90.38 eases inflation pressure on Indian consumers.
