Updated – September 16, 2024 at 07:18 AM.
Sensex, Nifty, Share Prices LIVE: The Indian stock market’s outlook this week will be heavily influenced by the US Federal Reserve’s interest rate decision, set to be announced after the Federal Open Market Committee (FOMC) meeting on September 18, analysts say. A widely anticipated 25 basis points (bps) rate cut and possibly a larger 50 bps reduction could trigger positive market sentiment, especially in emerging markets like India. Last week saw a stellar performance, with Nifty and Sensex hitting all-time highs, driven by sustained foreign institutional investor (FII) inflows. Analysts attribute this to expectations of lower US yields and a weaker dollar. Key global events, including Japan’s inflation data, the Bank of Japan’s policy decision, and domestic data such as WPI inflation, will further shape market trends. With geopolitical concerns and oil prices in focus, this week is pivotal for Indian equities, particularly in light of FII flows and global macroeconomic developments.
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