Analysts predict that market movement this week will be influenced by the Federal Reserve rate, inflation in the United States, and global indicators

Analysts indicated that the US Fed interest rate decision, domestic inflation data, and global trends will play a crucial role in determining market movements this week, now that the Lok Sabha elections outcome and the RBI policy decision are in the past.

Investors experienced a tumultuous week with markets fluctuating widely before ultimately ending with significant profits.
During a busy week, the BSE index surged by 2,732.05 points, which translates to a 3.69 % increase, while the Nifty index soared by 759.45 points, marking a 3.37 % rise.

In day trading on Friday, the BSE Sensex rose by 1,720.8 points or 2.29% to reach a new all-time high of 76,795.31. The benchmark closed at a historic peak of 76,693.36, marking a 2.16 % increase with a gain of 1,618.85 points.

With the Lok Sabha elections and the RBI policy decision concluded, the focus shifts to international influences. Important factors to monitor are the US Fed's interest rate determination, the rupee's fluctuations about the dollar, crude oil prices, and commodity prices.

Pravesh Gour, Senior Technical Analyst at Swastika Investment Ltd, mentioned that the investments of foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be closely monitored.

On June 12, 2024, important worldwide events are expected to occur, such as the release of the US core and consumer price inflation data, as well as the US Federal Reserve's decision on interest rates and economic projections by the Federal Open Market Committee (FOMC), he noted.