US Federal Reserve Meeting, US-Iran Tensions, and Q4 Results to Dictate Indian Stock Market Performance in the Coming Week

Indian Stock Market Sees Red as Geopolitical Tensions Rise

The Indian stock market closed in the red last week, marking a reversal from two consecutive weeks of gains. The benchmark indices, Sensex and Nifty, suffered significant losses due to sustained selling pressure. The Nifty 50 slipped 1.87% to end at 23,897.95, while the Sensex dropped 2.33% to settle at 76,664.21.

Market experts anticipate that the Indian stock market will remain highly news-driven and volatile in the coming week, with key focus on developments in U.S.–Iran negotiations, trends in crude oil prices, and broader global cues. Ponmudi R, CEO of Enrich Money, noted that stability or a decline in oil prices could help ease macro concerns and support risk sentiment, while any escalation or prolonged disruption in the Strait of Hormuz may trigger renewed volatility and profit booking.

Top 5 Triggers for the Indian Stock Market

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US Fed Meeting

The Federal Open Market Committee (FOMC) is set to meet on April 28–29, with markets expecting interest rates to be kept unchanged for a third consecutive meeting. The Federal Reserve's benchmark rate currently stands between 3.5% and 3.75%. Policymakers had already opted to pause in January and March, following three quarter-point rate cuts during their meetings last fall.

Q4 Results 2026

The earnings season is all set to continue for the third week as more than 200 companies are scheduled to release their financial results for the quarter ending on March 31, 2026. Maruti Suzuki, Eternal (Zomato), Ultratech Cement, Vedanta, Adani Enterprises, and Hindustan Unilever are some of the marquee companies to report their Q4 results 2026 next week.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

US-Iran War

The ongoing US-Iran war will continue to be one of the key driving factors for the stock market. Diplomatic progress has remained limited despite the US president extending a ceasefire—originally set to expire on April 22—to allow more time for negotiations.

Crude Oil Prices

Oil prices swung sharply in volatile trading on Friday but ended the week higher, as market participants balanced concerns over supply disruptions with hopes that renewed U.S.-Iran peace talks could ease those risks. Brent crude futures settled at $105.33 per barrel, up 26 cents or around 0.3%, while US West Texas Intermediate futures closed at $94.40 per barrel, down $1.45 or 1.5%.

FII Outflows

Foreign investors (FIIs or FPIs) were net sellers of Indian equities worth ₹8,828 crore on April 24, marking their largest outflow since April 7. Meanwhile, domestic institutional investors (DIIs) remained net buyers, purchasing shares worth ₹4,701 crore, as per provisional exchange data.

In comparison, FIIs have recorded net sales of ₹2.25 lakh crore, whereas DIIs have been net buyers to the tune of ₹2.79 lakh crore so far this year.