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Independent market analyst, Ambareesh Baliga believes geopolitical concerns as well as domestic indicators are impacting the market mood at the moment, speaking to Timesnownews.com he said, “we still don’t know whether US-Iran deal will happen in the next two weeks or whether it will take a couple of more months. I think the other issue, which was more India specific, was a reconfirmation that the monsoon this year will be much weaker than what we have seen in the last 11 years. I think that’s what put pressure on the markets on Friday and that is continuing even today. The other issue which happened on Friday was the MSCI recast because of which there was a lot of action in the last 30 minutes of trade that day which led to huge volatility because of which the markets fell. If you’re talking of the next week or two weeks, I really don’t see too much of adverse news coming as such in case, if possible, we may get positive news in terms of the US-Iran accord, because the way I see it is possibly closer to US President Trump’s Birthday, I think, which is on June 14th. I think the accord should be in place.”