Geopolitical uncertainties stemming from stalled US-Iran negotiations are expected to create volatility in equity markets on Monday. Following a strong performance last week, where the Sensex rose 5.8% and the Nifty 5.9%, analysts anticipate a potential correction of up to 2% due to renewed concerns over crude oil prices. Investors are closely monitoring the situation, with Saurabh Mukherjea, founder of Marcellus Investment Managers, indicating that the market direction will largely depend on energy prices. The upcoming earnings season is also pivotal, with expectations for management commentary on demand visibility and margin sustainability to shape market trends. The rupee is under pressure, trading at 92.73 against the dollar, with analysts warning that further increases in crude oil prices could lead to depreciation towards 94-95 to the dollar. Despite these challenges, the market's reaction is expected to remain measured as long as the ceasefire understanding persists.