Global trends, trading activity of FPIs key factors to drive mkt sentiments

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Global trends, trading activity of FPIs key factors to drive mkt sentiments - Business Standard

Quick Summary:

Movement in the stock market this week will largely be driven by global trends, macroeconomic data announcements and trading activity of foreign investors, analysts said.

Equity benchmark indices, which are on a dream run for the past several days, will also track trading in global oil benchmark Brent crude and movement of rupee against the US dollar.

"The next FOMC (Federal Open Market Committee) meeting is scheduled for mid-September, but before that, the market will be closely watching upcoming US economic data.