Q1 results, macro data, and commodity prices among 5 factors that may steer Nifty this week

Vinod Nair, Head of Research at Geojit Financial Services, said crude prices have been falling over recessionary fears. “However, the fall has boosted the appetite for consumption, chemicals, logistics and OMCs as it will reduce the cost burden of these sectors. Falling crude prices will calm inflationary fears, reducing the burden on central banks to raise interest rates aggressively at upcoming meetings,” he said.

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