US interest rate, domestic inflation and global signals will determine the direction of the market.

Stock market: US interest rates, domestic inflation data and global market trends will guide the domestic stock market in the week starting Monday, June 10, 2024. The major slump occurred on June 4, 2024, the day of counting of votes for the 18th Lok Sabha elections. After this, the market recovered from this decline after much difficulty. However, after the Reserve Bank of India (RBI) announced the policy interest rate repo rate on June 7, 2024, the market gained strength. However, the weekend ended with a market rally on Friday, June 7. Sensex gains 2,732.05 points last week According to media reports, the BSE Sensex gained 2,732.05 points or 3.69 percent last week, while the Nifty gained 759.45 points or 3.37 percent. By the end of the week, on Friday, the 30-share BSE Sensex rose 1,720.8 points, or 2.29 percent, to hit a new record high of 76,795.31 in intraday trade. The Sensex closed up 1,618.85 points, or 2.16 percent, at a record high of 76,693.36. Pravesh Kaur, senior technical analyst at Swastik Investmart Ltd, said that with Lok Sabha election results and RBI's policy review results in, investors are looking at global trends. Investors' attention is now on global trends. He said the US Federal Reserve's interest rates this week, movement of the rupee against the dollar, crude oil and commodity prices will determine market movements. Apart from this, investments by Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) will also be closely monitored, he said. Also Read: Investors recover Rs 28.65 lakh crore, another Rs 2.35 lakh crore Domestic and global economic data will determine market sentiment, said Arvinder Singh Nanda, senior vice-president, Master Capital Services Ltd. Market conditions will be determined by key domestic and global economic data. He said that WPI inflation in India, CPI inflation in China, GDP data in UK, CPI data in US and US Federal Reserve's decision on interest rates will determine the future direction of the market. VK Vijayakumar, chief investment strategist at Geojit Financial Services, said that the market volatility is likely to decrease in the coming days. Also Read: PNB to open representative office in Dubai after board approves US interest rate, domestic inflation and global signals to determine market direction