Fed rate, US tariffs to dictate mkt move

Analysts expect Fed rate cut for second time this year

- ARSHAD KHAN @New Delhi

DOMESTIC equities are set to take cues this week from the US Federal Reserve's upcoming interest rate decision and progress on the India-US trade agreement.

The market ended the Diwali-shortened week with modest gains, marking its fourth consecutive weekly advance. Meanwhile, gold prices snapped an eight-week rally to record their first weekly decline.

Dalal Street sentiment remained upbeat during the initial sessions of the past week, but profit-booking toward the end trimmed gains. Benchmark NSE Nifty rose 0.33% to settle at 25,795.15, while BSE Sensex advanced 0.31% to close at 84,211.88.