US GDP data to Fed chair’s speech: Top 5 triggers for stock market next week

Stock market next week: Amid participatory rally on Dalal Street in last few sessions, BSE Sensex hit a new high of 63,601 on Thursday last week while Bank Nifty climbed to a new peak of 44,498 on 16th June 2023. Speaking on Indian stock market outlook for next week, Sugandha Sachdeva, Executive Director & Chief Strategist at Acme Investment Advisors said, "While the benchmark Index Nifty has reversed course after testing levels close to record highs, eyes are keenly awaiting when the markets can scale a new peak. So, here we list out top 5 triggers that may dictate Indian stock market next week: 1] India-US deals during PM Modi's visit: Suggesting Indian stock market investors and observers to remain vigilant about the Indo-US agreements during PM Modi's visit to US, Omkar Kamtekar, Research Analyst at Bonanza Portfolio said, "Prime Minister Narendra Modi’s visit to US is full swing which has already boosted the markets back at home, with the SENSEX scaling an all-time high. 5] US Fed Chair's speech: "Next week global markets would be eagerly awaiting for US Fed Chair Jerome Powell's speech as he would be able to give proper idea about the US Fed's intentions towards interest rate hike.