Market outlook: US bond yields, dollar index, FII data key triggers for next week

The market outlook for next week will depend upon several global and domestic cues, including factors linked to the US market, and FII data, according to experts on Sunday.

- AGENCIES

The US factors are -- bond yields, the dollar Index, initial jobless claims, new home sales data, and Durable Goods Orders data.

The global and Indian stock markets will remain closed on Wednesday, 25 December, in observance of Christmas. This will result in a four-day trading week instead of the usual five days. Both markets reflect a "Santa effect" but in red, as heavy profit booking was witnessed before Christmas.

The Indian stock market witnessed a sharp decline in the trading session from 16-20 December. Nifty fell 1,180 points or 4.77 per cent to 23,587 and Sensex fell 4,091 points or 4.98 per cent to close at 78,041, breaking the important support of 80,000.