The real drivers? Crude oil swings, tension in West Asia, and a single inflation number that could shake portfolios. Yes, the Strait of Hormuz, Iran negotiations, and rising fuel prices are quietly steering your mutual funds, SIPs, and even your PPF returns. Add to that, India’s July CPI and WPI data; which could hint at whether rates stay put or move again. Meanwhile, foreign investors are still pouring in ₹12,921 crore into Indian equities; a vote of confidence? Or a gamble? The week ahead will test how much global noise the domestic market can swallow without coughing. Keep an eye on Tata Motors and HAL’s earnings; but don’t look away from the Middle East. Because sometimes, the biggest moves in your demat account start not in Mumbai, but in Muscat or Tehran.