The previous week, global sentiment outweighed positive triggers such as softening crude price and a strengthening rupee to cause domestic equity benchmark Sensex snap its winning streak of three consecutive weeks.
The tussel between The government and RBI ended on a cordial note at the central bank’s board meet, but failed to give market any impetus.
The continuous sell off in most sectors dragged sensex down by near 500 points and nifty more than 150 points.
Instead of all the Unpredictable factors there are few influences that will move the market in a clear direction next week are as follows…..
Global Sentiment: Global cues may remain the most dominant factor that will steer market mood next week.
Trump-Jinping Meet: The US-China trade war, may come to the table for discussion when US President Donald Trump meets his Chinese counterpart Xi Jinping at Buenos Aires, Argentina’s capital, during the G20 summit.
Fed minutes of meeting: Minutes from the Fed’s November meeting will be an important cue for market mongers this week.