Nifty Outlook: Can Markets Stay Strong Despite West Asia Tensions? | Nifty Outlook & Q1

Despite fresh geopolitical tensions in West Asia, stock markets are showing resilience as investors continue to focus on fundamentals. Gaurang Shah, Sr. VP, Geojit Investments, believes crude oil prices remain under control, with OPEC+ output hikes and Saudi discounts to Asian buyers helping ease supply concerns. He also says the rupee's weakness against the US dollar appears temporary. The focus now shifts to Q1 earnings, where no major red flags have emerged so far. If corporate earnings remain strong and Nifty sustains above the 24,200 level, markets could see further upside despite global uncertainty and oil price volatility.