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Informist, Friday, Apr. 10, 2026

 

By Arya S. Biju

 

MUMBAI – Domestic headline indices are expected to move in a range next week as investors await further clarity on developments in the war in West Asia. The outcome of likely peace talks between the US and Iran over the weekend is expected to be a key driver of market direction Monday, according to analysts. Apart from developments in the US–Iran negotiations, crude oil price movements and trends in foreign fund flow, quarterly earnings announcements by companies will also remain a key driver of market sentiment in the near-term. The domestic equity market will remain shut on Tuesday for Ambedkar Jayanti.

 

Extending this week's sharp rally, many analysts expect the headline indices to rise further, but the upside is seen capped amid the volatile geopolitical conditions. The representatives from the US and Iran are expected to meet in Islamabad Saturday for high-stakes negotiations after the warring parties agreed upon a two-week ceasefire to negotiate a definitive agreement for peace. However, Iran's state-run media on Friday categorically dismissed reports that senior officials had travelled to Pakistan for talks with the US, casting fresh doubt over whether the much-anticipated peace dialogue will take place at all.

 

Over this week, both the Nifty 50 and BSE Sensex gained around 6?ch, marking the highest weekly gain in over five years. This came after it has fallen over 11% in the past six weeks. "Overall, while the bounce is positive, we expect the market to remain range-bound in the near term," Vikram Kasat, head of advisory at PL Capital said in note. "Sustained upward momentum will depend on global stability, FII (foreign institutional investor) flows, and upcoming corporate earnings, with investors likely to stay selective and favour quality stocks," he added. 

However, in the case of an immediate, durable resolution to the war between the US and Iran, analysts expect the indices to move back to pre-war levels. However, they vary in terms of the pace of recovery, with some expecting a gradual and steady rise while others expect a sharp upmove like the one this week. "It will be a very sharp move in my opinion. Recoveries are rarely gradual. Recoveries move very fast," said Himanshu Pravinchandra Pandya, an investment advisor registered with the Securities and Exchange Board of India and founder of HP Private Wealth Advisory Services. "If you look at the last seven days, the market has moved up by almost 2,000 points...in under 4 trading sessions. So that clearly indicates to you that recovery is always like this," Pandya added. 

 

Friday, the Nifty 50 index settled at 24050.60 points, up 275.50 points, or 1.2%. The BSE Sensex closed at 77550.25 points, up 918.60 points, or 1.2%. Technical analysts expect the 50-stock index to find support at 23100-23800 points and resistance at 24025–24500 points. Wipro, HDFC Life Insurance, HDFC Asset Management, ICICI Lombard General Insurance are among the major companies that will announce their March quarter earnings next week.  End

 

US$1 = INR 92.7275

 

Edited by Deepshikha Bhardwaj

 

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