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Stock Market Live Updates 19 August 2024: Markets to track global trends, US FOMC minutes this week
Sensex, Nifty, Share Prices LIVE: With the Q1 earnings season coming to a close, stock markets will focus on global trends and foreign investors’ trading activity this week, according to analysts. The US Federal Open Market Committee (FOMC) minutes are expected to be the primary market driver, along with key global economic data like Japan’s inflation numbers. Analysts also warn of the risks posed by the ongoing geopolitical uncertainty. Easing fears of a US recession sparked a global market rally on Friday, driven by positive US economic data, including cooling inflation and strong retail sales. This triggered a 1.68% surge in the BSE Sensex, marking its best single-day gain in over two months. Experts suggest the market will now consolidate within a broader range, guided by global cues, especially the FOMC minutes and US housing data. Traders will also monitor institutional flows and crude oil price movements closely.
