Nifty inching closer towards record high. Watch out for these 7 factors this week

The Nifty remains just 573 points from its all-time peak of 18,887.60 thanks to foreign institutional investors (FIIs) pouring over INR23,000 crore into Indian stocks so far in May. Despite their positive influence, investors remain sceptical over interest rate movements, particularly linked to the uncertainty of demand slowdown in China and recession fears in the US. This week will see market participants react to macroeconomic data and global cues, along with monitoring big names such as Bharti Airtel, SBI and ITC endorsing Q4 earnings season.