This week the movement of the stock market will be decided by the global trend and the trading activities of foreign investors. The financial results of the companies have come, so the role of both is important. This is what experts have said. Investors will be looking at the details of the US Federal Open Market Committee (FOMC) meeting to be released this week. Santosh Meena, Head of Research, Swastik Investment Ltd. said, that since the financial results of the companies have come, this week, there are no such important activities on the macroeconomic fronts from which investors can take cues. 

However, economic data at the global level will be important. In this, inflation data in Japan and details of the US FOMC meeting are important, on which investors will keep an eye. Apart from this, the situation of uncertainty at the global level remains a risk for the market. He said that traders will also keep an eye on the capital flow of foreign institutional investors (FIIs) and fluctuations in crude oil prices. The global market rose on Friday due to reduced fears of recession in the US. 

allayed fears of recession 

Prashant Tapase, Senior Vice President (Research), Mehta Equities Limited, said that positive data such as softening of inflation and strong retail sales figures in the US have allayed fears of recession. Apart from this, the possibility of the US Federal Reserve cutting the policy rate early next month led to a big rally in global stock markets, including India. The BSE Sensex jumped 1,330.96 points or 1.68 percent to close at 80,436.84 on Friday. This is the best one-day gain in more than two months. The NSE Nifty also closed at a two-week high of 24,541.15, up 397.40 points or 1.65 percent. 

Eye on US Federal Reserve meeting

Master Capital Services Ltd. Director Palak Arora Chopra said, "The market trend will be decided by the details of the FOMC meeting, US home sales data." Last week, the BSE Sensex rose by 730.93 points or 0.91 percent while the NSE Nifty strengthened by 173.65 points or 0.71 percent. Motilal Oswal Financial Services Ltd. Retail Research Head Siddharth Khemka said that this week all eyes will be on the details of the US Federal Reserve meeting. Khemka said, "Overall, we expect the market to strengthen and take cues from global activities."