The US Federal Reserve or US Fed is holding the right to decrease or increase the interest rate of the stock market.
United States’ inflation rate is 8.3% which is higher than the threshold but minimum than its previous score.
The CMD of CNI Research Limited Kishor P Ostwal has estimated the completion of fall in Nifty.
The spotlight would also put on the FPI investment and crude oil stock market this week.
Sensex and Nifty had to face a bad loss last week. Sensex was down 1.59 % while Nifty lost 1.69%.
In the last trading week session, Sensex closed at 1.82% and Nifty closed at 1.94%
Research Vice President of Religare Broking Ltd., Ajit Mishra and Research Head of Geojit Financial Services, Vinod Nair, also spoked about it.
“In the absence of any key domestic data and events, investors will be eyeing the US Federal Reserve meeting. Nair said.
“Global markets are looking nervous after the US inflation data. Because of this, the dollar index has reached around 110” Research Head Santosh Meena responded.