Mumbai: Macro-economic domestic inflation data points coupled with FIIs’ flow direction and the rate decision of the US Fed will determine the key equity
Mumbai: Macro-economic domestic inflation data points coupled with FIIs’ flow direction and the rate decision of the US Fed will determine the key equity indices’ moves during the upcoming week. Besides, investors will look out for other major factors like global oil prices along with progression of Covid-19’s Omicron variant. Last week, both the key indices – S&P BSE Sensex and NSE Nifty50 – gained the most in eight weeks on a relief rally from the overwhelming fears about Omicron variant of the coronavirus. However, the bounce ran out of energy towards the end of the week and just ahead of the US inflation data. “The Nifty has bounced up from intra day lows and closed towards the day and week high.
