US Fed decision, FIIs trading activity to drive stock markets this week

The US Fed's interest rate decision will be the major factor dictating trends in the domestic equity market this week, with global movements and foreign investor activity also influencing sentiment, according to analysts.

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Stock markets ended the last week on a subdued note, with benchmark indices Sensex and Nifty closing flat.

“This week, markets will closely track India’s CPI print on December 12...Globally, the spotlight will be on the US Federal Reserve's interest rate decision, which could drive risk sentiment across emerging markets already navigating currency pressures,” Ajit MishraSVP, Research, Religare Broking Ltd, said.

‘The movement of the rupee, which breached 90 to a dollar last week, will also be tracked