US-Iran peace deal to crude oil prices: Top five triggers that may dictate the Indian stock market this week

Indian benchmark indices snapped a five-day winning run on June 19, with the Sensex falling 607 points (0.78 percent) to 76,802.90 and the Nifty 50 declining 154.90 points (0.64 percent) to 24,013.10, dragged by IT stocks after Accenture cut its revenue growth forecast alongside FII selling and weak global cues. Investor focus for the upcoming week is centred on the US-Iran peace negotiations resuming in Switzerland within a 60-day framework, which could ease geopolitical tensions and support risk sentiment, while developments in crude oil prices remain the other key trigger. Iran's renewed threat to shut the Strait of Hormuz and the implementation of the Israel-Lebanon ceasefire are also being closely watched.