The market is likely to be higher on global cues. Investors are expected to remain cautious ahead of key events scheduled this week. Domestic trade deficit data, November Consumer Price Index (CPI) inflation and WPI inflation will be announced while globally Federal Reserve Bank’s rate decision in forthcoming week will be crucial.
Last week, the Sensex surged 2 percent and Nifty jumped 2.2 percent. The Nifty Bank gained 2.5 percent and Metal surged 5.4 percent. Today, IT stocks are likely to be in focus as US President-elect Donald Trump on Friday pledged to stop companies from abusing the visa process for foreign workers in a way that undermines the labour market for Americans.
More will update soon!!
