Nifty is expected to remain in consolidation mode, tracking global market cues, US trade policy announcements, and geopolitical developments with regards to the Russia-Ukraine war.
The movement of Brent crude and rupee-dollar trend will also impact market trends this week.
Investors are closely watching indicators like the US Core PCE Price Index and India's GDP growth rate. The market's mood remains cautious, with pessimistic sentiments likely to linger until there is an improvement in corporate earnings and a conducive global liquidity and currency stability.
Recent decline in the BSE benchmark and NSE Nifty was driven by reciprocal tariff concerns and underwhelming corporate earnings.