Fed meet, FII action among 10 factors that will steer D-Street this week
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The Nifty Index ended the week with a 2% gain, reaching a record high of 25,433, driven by strong performances in the IT and FMCG sectors. When markets resume trading on Monday, a series of important domestic and global events scheduled for the week are likely to impact them. On Friday, the Nifty Index closed with an uptick of 32.40 points, or 0.13%, at 25,356.50. The benchmark indices rose this week, driven by strong global cues and expectations of a rate cut by the Fed next week, according to Palka Arora Chopra, Director of Master Capital Services. The fear index, India VIX, fell by 17.53%, closing the week at 12.55. Chopra also noted that the Nifty 50 resumed its upward momentum after a brief one-week pause, reaching new all-time highs. According to her, major domestic and global economic data will influence the market outlook, including India's WPI inflation, bank loan growth, and trade balance. However, the key event that the Str...