Indian Stocks Tied to Global Cues Amid US Fed Decision, Crude Oil Price Fluctuations
The Indian stock market is expected to remain driven by global cues next week as investors track key events, including the US Federal Reserve's interest rate decision and a fresh round of June quarter earnings.
Crude oil prices will also be closely watched, particularly after falling over 4% last Friday following reports that China had intensified efforts to revive stalled peace negotiations between the United States and Iran.
The Sensex declined 2.68% during the previous week to settle at 76,059.77, while the Nifty fell 2.33% to close at 23,767.45.
Market participants will also keep an eye on foreign fund flows and the rupee as elevated geopolitical risks continue to influence sentiment.