New Delhi [India], Volatility returned to Indian stock markets after a rally in early April. The current volatility is mainly driven by selling activity by foreign institutional investors (FIIs). Despite inflows into the primary markets, secondary markets have experienced significant selling by FIIs, leading to uncertainty over market sentiments "The coming week's price action in the market will be determined by two key factors. The US Federal Reserve's rate “The next FOMC meeting is a few days away,” said banking and market expert Ajay Bagga, adding, “The other factor looming over the market is Israel-Iran after the end of Passover festival in Israel.” There is a risk of escalation into direct conflict. Progress has been as per expectations so far, but with both global and Indian large cap earnings forecast in the coming week, we can expect sharp market reactions.''Indian bond yields have risen over the past two weeks, indicating apprehension and uncertainty around the US. Rate cuts and geopolitical tensions, the coming week is set to bring earnings reports of both global and Indian large-cap companies. This is expected to cause a sharp reaction in the market and increase market volatility. With no imminent catalyst on the horizon to provide reassurance to investors, the market is expected to experience greater volatility and wider swings in the coming days. Investors are advised to exercise caution and closely monitor market developments amid the current uncertainties.Since April 10, when the market closed at all-time high, the benchmark indices witnessed a sharp price correction, with Nifty closing 2.67 per cent lower, while Sensex was down. 2.55 percent till Friday. Among sectors, almost all major sector indices saw profit-booking at higher levels, but the IT industry declined the most by 4.7 per cent. Over the past week, the market faced selling pressure from investors at persistently high levels. However, after starting with losses last Friday, the market recovered and closed with the indices falling.According to experts, the medium-term market structure still remains weak due to temporary oversold conditions. Technically, on the weekly chart, the index has formed a bearish candle and currently, it is trading below the short-term average, which is largely negative. Industry experts highlight long positions in Brent crude oil as the preferred option to hedge against further rises. Allocation to gold and U Treasuries could also help protect against adverse outcomes In the latest development in ongoing geopolitical tensions, at least three people were injured after five blasts hit a pro-Iranian military base in Iraq on Saturday, CNN reported, citing a security official, that the explosions "at the Kalsu military base in the al-Mashrou district on the highway north of Babylon governorate" are under investigation. Israeli and US officials said no one was involved in the blast, following a military attack on Iran that has been attributed to Israel.