Cautious investors brace for volatility, negative opening
MUMBAI: Dalal Street investors are bracing for heightened volatility and a negative opening on Monday as the Iran-Israel conflict will compound turmoil in global markets. Traders would remain cautious and wait for cues to take a view about the market's trend, they said. For one, any escalation of the conflict could have a direct impact on crude oil prices globally.Over the past two weeks, crude prices have been on an upward path after Ukraine and Russia both targeted each other's energy installations. With crude among India's top import items, this could mean pressure on the currency and domestic inflation, economists and analysts said.In the last one month, Brent crude prices have jumped about 6% to above the $90/barrel level, and analysts expect it could soon break above the $100-mark i...
