All eyes on US Fed: Will it be 25 or 50 bps cut?

US Fed likely to cut interest rate by at least 25 basis points on Wed; markets to also track Japan's inflation data and BoJ's int rate policy

The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said.

The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday. The BSE benchmark breached the 83,000 level for the first time on Thursday.