Global Cues to Drive Indian Stock Market Next Week

The Indian stock market is expected to be driven by global cues in the coming week. Key factors influencing investor sentiment include the US Federal Reserve's interest rate decision, a fresh round of June quarter earnings, and movements in crude oil prices.

Market participants will also keep an eye on foreign fund flows and the rupee, as elevated geopolitical risks continue to influence sentiment. Higher crude oil prices, renewed geopolitical tensions, and mixed corporate earnings weighed heavily on investor confidence last week.

The Sensex declined 2.68 per cent during the week to settle at 76,059.77, while the Nifty fell 2.33 per cent to close at 23,767.45. Investors will closely watch the outcome of the US Federal Reserve's policy meeting scheduled for July 28-29.

Corporate earnings will remain another major focus, with several heavyweight companies set to announce their April-June quarter results. Developments in the Middle East and crude oil prices will also be key factors to monitor.