Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
US-Iran Tensions, Crude Oil Surge And Q4 Earnings To Drive Dalal Street Next Week
(MENAFN- IANS) Mumbai, May 10 (IANS) Investors are expected to remain cautious next week as escalating tensions between the US and Iran, rising crude oil prices, the ongoing March quarter earnings season, foreign fund outflows and rupee weakness are likely to dictate the direction of the Indian stock market.
Benchmark indices extended losses for the second consecutive session on Friday, weighed down mainly by banking and financial stocks amid growing geopolitical uncertainty.
The Sensex ended 516 points, or 0.66 per cent, lower at 77,328.19, while the Nifty slipped 151 points, or 0.62 per cent, to close at 24,176.15.
Commenting on Nifty technical outlook, experts said that on the upside, resistance levels are placed at 24,500 and 24,600.
“On the downside, support is seen at 24,000 and 23,800. A breakdown below 23,800 could result in increased selling pressure,” an analyst stated.
Market participants will closely track developments in the ongoing US-Iran conflict after tensions escalated over the Strait of Hormuz crisis.
The geopolitical tensions also pushed global crude oil prices sharply higher. Although prices later trimmed gains amid hopes of easing hostilities, concerns over potential supply disruptions through the Strait of Hormuz continue to keep investors on edge.
Investors will also focus on the March quarter earnings season as more than 400 companies are scheduled to announce their results in the coming week.
Corporate earnings and management commentary are expected to provide cues on demand trends, margin pressures and the broader economic outlook.
Commenting on Bank Nifty technical outlook, analyst stated that in the near term, immediate downside support is placed in the 54,600–54,200 zone in case selling pressure re-emerges.
“On the upside, 56,400 acts as immediate resistance, while 56,800 stands as the next key supply zone,” an analyst mentioned.
“Given the current market structure, traders are advised to remain disciplined and adhere to strict stop-loss strategies amid ongoing volatility,” a market expert stated.
MENAFN10052026000231011071ID1111091680