West Asia Tensions Cloud Indian Market Outlook, Nifty Expected to Remain Rangebound

West Asia tensions cloud market outlook, Nifty may stay rangebound

In a week marked by market stagnation, Indian equity indices closed on an unremarkable note, affected by geopolitical uncertainties and elevated crude oil prices. Experts forecast that without any significant triggers, the Nifty may continue its rangebound trajectory. Crude oil prices consistently stayed above ninety dollars a barrel, with foreign portfolio investors offloading shares while local institutional buyers were active in the market.