US Fed interest rate, global cues key factors to drive markets: Analysts

The US Federal Reserve's interest rate decision, global market trends and trading activity of foreign investors are the major factors that would dictate terms in the equity markets in a holiday-shortened week ahead, analysts said. Equity markets will remain closed on Tuesday on account of Ganesh Chaturthi. From the global front, interest rate decisions from the Bank of England and Bank of Japan would also influence market trends. This week will place a significant focus on monetary policy as the Federal Reserve policymakers convene the latest FOMC (Federal Open Market Committee) meeting, with an interest rate decision on Wednesday, September 20, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "The movement of the rupee against the dollar, US bond yields, and crude oil prices will remain in focus," Gour added. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent, and the Nifty climbed 372.4 points or 1.87 per cent. Rallying for the 11th day ru

from Markets https://ift.tt/1DHibGo