Last week, the 30-share BSE Sensex climbed 564.43 points, or 0.69 per cent, and the 50-share NSE Nifty was up 113.95 points or 0.45 per cent
WPI inflation data, foreign investor trading activity, crude oil prices, and developments in West Asia will drive investor sentiment this week, analysts said.
Globally, US retail sales, Nvidia's earnings and the FOMC (Federal Open Market Committee) minutes will shape global rate expectations and tech sentiment, an expert said.
"Movements in crude oil, the dollar, US Treasury yields and FII flows will remain important determinants of market direction. The domestic economic calendar will be busy, with October WPI inflation and merchandise trade data scheduled for Monday, 16 November," Ajit Mishra, SVP Research, Religare Broking, said.
Globally, investors will track the US retail sales, FOMC meeting minutes and US jobless claims for cues on economic growth and the future monetary policy trajectory, he added.