Indian investors will track Reliance Industries’ first quarter results, crude oil prices and geopolitical developments on Friday as renewed US-Iran military tensions raise concerns over potential supply disruptions through the Strait of Hormuz. Iran’s warning that it would “crush” key targets in the Middle East if US threats to strike Iranian infrastructure are carried out could keep investor focus on oil companies and sectors dependent on petroleum-based products, amid concerns over potential supply disruptions.Investors will also watch the United States June industrial production data, which is expected to provide cues on the health of the economy and could be relevant for the Federal Reserve’s policy outlook.
