Indian equity markets closed with modest gains on Monday, buoyed by a decline in crude oil prices and emerging reports of progress in peace talks between the United States and Iran.
The easing of geopolitical tensions helped lift investor risk appetite, providing a tailwind for domestic equities after a period of volatility driven by energy supply concerns.
The drop in oil prices served as a key catalyst for the session, reducing input cost pressures for energy-intensive sectors and improving the broader macroeconomic outlook for India, a major net importer of crude.
Market participants viewed the diplomatic developments as a potential de-escalation of supply-side risks that have weighed on global growth expectations.
Technical strategists are now looking at specific entry points for the week ahead.
Market expert Raja Venkatraman highlighted three stocks for trading on June 23, suggesting that the current market stability offers opportunities for tactical positions.