Debasis Mohapatra
Bengaluru, 16 March 2026
Indian equity market remained under pressure just like its global peers as the Middle East conflict got further complicated with no signs of near-term cessation of the war. This week (March 16-10, 2026), however, may see some bit of consolidation after deep correction in the last 15 days.
Investors should keep these factors under watch for gauging the market movement:
Middle East conflict: The conflict between the US-Israel and Iran continued with Iran hitting important business establishments in the Middle East region after the US attack on the Kharg island. The Strait of Hormuz remained partially operational with very few ships navigating the channel. Any thaw between warring nations or sign of mediation could change the investors’ sentiment.
Crude oil price: Brent crude oil price hovers in between $100-$110 per barrel. Such price point will definitely push India’s fiscal deficit numbers and put pressure on rupee exchange value against US dollar. Crude oil price will remain the single most parameter to move the market this week.
FII selling pressure & Rupee vs USD: FIIs have already sold more than Rs 50,000 crore worth positions in the first 15 days of March. Unless FII selling pressure recedes, no meaningful recovery will remain a far cry.
Nifty Bank index: Nifty Bank has seen deep correction so far this month. The biggest index in terms of weightage will determine the movement of the Indian market to a large extent.
Global events: US Federal Reserve’s commentary on rate action this week along with India’s inflation data points will weigh on investors’ sentiment this week.
