FII inflows, Fed rate decision to guide stock movement this week: Experts
In the absence of any immediate key domestic triggers, the equity market is expected to be guided by Fed interest rate decision, foreign fund inflows and crude oil prices in this holiday-shortened week, according to analysts.
Stock markets will remain closed on Thursday for Holi.
"Minor profit-booking is expected given sharp run-up in domestic markets and global factors. However, downside will be capped as emerging markets like India is likely to benefit from strong liquidity and reversal in FII flows. For the week ahead, FED interest rate decision is the key event," said Vinod Nair, Head of Research, Geojit Financial Services.
Besides, movement of foreign funds, rupee and oil would continue to play their part in market trend, the analysts added.
During the past week, the Sensex surged 1,352.89 points or 3.68 per cent to close at 38,024.32 on Friday.
"On the international front one can keep an eye on Fed's interest rate decision on Wednesday. Overhang on Brexit issue and OPEC's supply