Stock market outlook: 'RBI, US Fed policy moves key for stock markets this week'

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Data for inflation based on WPI is expected to have a major bearing on RBI policy meet on Dec 18. Data for inflation based on WPI is expected to have a major bearing on RBI policy meet on Dec 18.
SummaryThe RBI's mid quarter review of monetary policy and the US Federal Reserve's meeting that could decide on tapering its economic stimulus would be the key driving factors for stock markets this week, experts said.

policy events, initial trends of the third instalment of corporate advance tax payments by mid next week would also provide cues to earnings, said traders.

Investors would also keep an eye on the ongoing winter session of Parliament that is underway, they added.

"Markets fell on the last trading day of the week, tracking nervousness across the globe on worries of Fed tapering in the forthcoming FOMC meeting due this week. Rate hike fears too had spooked market and currency," said Vivek Gupta, Director Research, CapitalVia Global Research.

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