The Indian stock market began this week on a muted note, with Sensex and Nifty closing almost unchanged from last week’s levels as strong Q1 earnings offset the impact of escalating Middle East worries. Sensex rose over 43 points to close at 78,542, while Nifty 50 gained around 13 points to end the session at 24,584 on Monday.

Here's how analysts read the market pulseMarkets remained on a tight leash as uncertainty surrounding the Strait of Hormuz continued to temper risk appetite, even as encouraging corporate earnings lent support to broader sentiment, said Vinod Nair, Head of Research at Geojit Investments. “Amid these global crosscurrents, India's robust domestic growth engines and resilient economic fundamentals continue to stand out, providing a strong anchor for investor confidence,” Nair further said.

US stocksWall Street's main indexes inched lower on Monday after the S&P 500 and the Dow hit record highs last week, as investors weighed Middle East developments and awaited crucial inflation data and earnings. S.

must meet several conditions before the ‌strategic waterway reopens. Easing energy ⁠flows through ⁠the crucial choke point could mitigate concerns over heightened oil prices that have spurred inflation worries and betson interest rate hikes by central banks worldwide.

Consumer and producer inflation readings due later this week could offer key clues on the Federal Reserve's monetary policy path, given Fed Chair Kevin Warsh's stance of offering muted forward guidance. European marketsEurope's benchmark stock index held near a record high on Monday as investors paused ahead of a week packed with economic data, while uncertainty surrounding the Middle East conflict kept oil prices elevated.

45 points. 3%, as oil prices climbed for a fourth straight session.

Tech viewNifty 50 remained volatile within a narrow range during the day, said Rupak De, Senior Technical Analyst at LKP Securities. The daily RSI remains in a bullish cross over, De said, adding that the 24,650 level remains a key resistance.

A decisive move above this level might induce a sustained rally in the market. On the lower end, support is placed at 24,500, below which weakness might intensify, he said, while noting that until then, investors should expect range-bound and lacklustre movement.

Most active stocks in terms of turnoverPaytm (Rs 3,112 crore), ABB Power (Rs 2,406 crore), BSE (Rs 2,252 crore), Titan Company (Rs 1,853 crore), ICICI Bank (Rs 1,818 crore), SBI (Rs 1,802 crore) and HDFC Bank (Rs 1,695 crore) were among the most active stocks on NSE in value terms. Higher activity in a counter in value terms can help identify the counters with the highest trading turnovers in the day.