 "Crude oil, FOMC meet and inflation data to dictate mkt trend this week")
Movement of rupee against the USdollar, macroeconomic data and investment trend of foreignfunds would largely dictate trend in the stock market this
holiday-shortened week, say experts.
Stock markets are shut today for GaneshChaturthi.
Data for industrial production and consumer price index(CPI) for July would be announced on Thursday.
“Inflation and IIP data shall be coming and market islikely to witness high volatility. Going ahead, RBI’s monetarypolicy is due on September 20 and chances of rate cuts arevery less, considering the pressure on the rupee.
[caption id=“attachment_1094333” align=“alignleft” width=“380”]  Data for industrial production and consumer price index (CPI) for July would be announced on Thursday.[/caption]
Global newsand markets shall be closely watched for market cues,” saidRakesh Goyal, Senior Vice President, Bonanza Portfolio.
Besides, marketmen would also watch crude oil pricemovement amid the ongoing unrest in Syria.
“Looking broadly at the market’s fundamental setup, thefalling USD/INR rates are favourable and now marketmen wouldkeep an eye on the movement of crude oil,” said Nagji K Rita,Chairman & MD, Inventure Growth and Securities.
Meanwhile, the rupee continued to strengthen against thedollar and closed at 65.24 on Friday, the highest level inalmost two weeks.
Raghuram Rajan, who took over as RBI chief on Wednesday,had announced steps to attract dollar inflows, includingenhanced limits for exporters to re-book cancelled forwardexchange contracts and a window to swap foreign currencydeposits.
The BSE benchmark Sensex last week gained 650.34 pointsto 19,270.06.Analysts said markets are likely to remain volatile inshort-term amid concerns over Syria, the US Federal Reserve’sFOMC meet due later in the month and RBI monetary policyreview.There is also rising speculation that the government will
hike diesel prices.Meanwhile, jobs data in the US came below expectation onFriday.
PTI
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
](https://images.firstpost.com/wp-content/uploads/2013/09/brokers-reuters.jpg){kind=link}