New Delhi: The coming week is expected to be crucial for Indian stock markets as investors look ahead to key global and domestic developments. The US Federal Reserve’s policy meeting, progress on India’s trade deals with the US and the EU, and the trend of foreign institutional investors (FIIs) will likely set the tone for market movements.

Market experts believe that the US Fed may cut interest rates by 25 basis points in its upcoming meeting. A deeper cut of 50 basis points, however, would be a surprise and could boost sentiment in global markets, including India. (Also Read: Mcap Of 8 Most Valued Firms Jumps By Rs 1.69 Lakh Crore Amid Market Rally)

Updates on India’s trade negotiations will also be closely tracked. Last week, Commerce and Industry Minister Piyush Goyal said that discussions on an India-US trade deal are ongoing and that the first phase could be finalised by November.

He also noted that talks on the India-EU trade deal are at an advanced stage. FII activity will be another key driver for the markets. Out of the last five trading sessions, FIIs were net buyers in two, with inflows worth Rs 129.58 crore on Friday alone. This indicates that the FII trend is slowly turning positive.

The previous week was strong for Indian equities. The Nifty gained 373 points, or 1.51 per cent, to close at 25,114, while the Sensex climbed 1,193.94 points, or 1.48 per cent, to end at 81,904.70. Looking ahead, experts maintain a positive stance on equities. They suggest focusing on domestic cyclicals such as autos, metals, and consumer discretionary, while keeping a balance with defensives like select FMCG and pharma stocks. (Also Read: ITR Filing 2025: Has ITR Filing Deadline Extended? Here’s The Update)

On the technical front, analysts at Religare Broking said the Nifty has tested its previous swing high near 25,150. “While some consolidation cannot be ruled out, the outlook remains positive with the next upside target seen in the 25,250–25,500 range,” Ajit Mishra said.

“On the downside, immediate support lies at 24,800, with the 100-DEMA around 24,650 acting as a stronger cushion,” Mishra added. For Bank Nifty, the index is hovering near resistance at 55,000, where the 100-DEMA aligns with price hurdles.

“A breakout above this level could trigger short covering and open the way for 56,200, while support exists in the 54,000–54,400 zone and major support at the 200-DEMA near 53,600,” Mishra mentioned.

MPs have called for the Government to maximise pressure on the US to secure relief from tariffs ahead of Donald Trump’s state visit.

The Commons Business and Trade Committee said the visit next week is the moment to put pressure on the US president to agree to the final terms of the so-called economic prosperity deal.

The UK and US signed a trade deal in June that reduced tariffs on car and aerospace imports to the US, but failed to agree on terms for British steel, leaving tariffs on it at 25%.

In a report on the deal, the committee welcomed the Government securing swift tariff relief for key sectors.

“It is however now vital that Government maximises pressure on the United States — beginning and following the president’s state visit — to agree final terms for a lasting economic prosperity deal to end the threat of future sectoral tariffs, maximise predictability and that where the UK has secured terms which are second best to the EU, we aim to improve them,” they said.

Committee chairman Liam Byrne MP said the state visit is “no mere pageant”.

He said: “It is a test of whether Britain and America build a safer, richer future – or remain trapped in tariff fights that serve neither nation well. Sir Keir Starmer deserves credit for securing the economic prosperity deal.

“But we can’t escape the truth that Britain now trades with its biggest partner on terms that are worse than the past, the EU has in places secured a better edge, and key sectors of our economy still face the peril of new tariffs. That means jobs hang in the balance and investment waits on certainty.”

The committee also urged the Government to seal a deal on aluminium and pharmaceuticals and for any final agreement to reflect the realities of the UK’s supply chains and transition to low-carbon production.

It said the UK should leverage the US partnership to gain an edge over China in artificial intelligence and defence technology, de-risked supply chains and greater security for critical minerals supplies.

“Britain’s science, AI and the City of London, joined with America’s tech giants and venture markets, could set the standards of this century and help secure western leadership over China for decades to come,” Mr Byrne said.

“But that means we have got to turn paper promises into a binding bargain that ends the tariff tempest that is battering British exporters and investors.”

It comes as US financial firms have announced investments in the UK worth £1.25 billion before Mr Trump’s state visit.

Citi Group has confirmed it will invest £1.1 billion across its UK operations, while S&P Global will put £4 million into its Manchester offices.

PayPal has confirmed a £150 million investment in product innovations and growth and Bank of America will create up to 1,000 new jobs in Belfast in its first operation in Northern Ireland.

Alongside the new investment announcements, companies are committing to ramp up commercial activity between the US and UK in the coming years.

Blackrock is allocating £7 billion to the UK market over five years, while Rothesay is planning to double its investment in the US with another £7 billion in the coming years.

The investment and capital commitments line up some £20 billion trade between the two countries – with some £8 billion to come to the UK and £12 billion to go to the US, the Department for Business and Trade said.

Business and Trade Secretary Peter Kyle said: “These investments reflect the strength of our enduring ‘golden corridor’ with one of our closest trading partners, ahead of the US presidential state visit.”

Tech giants OpenAI and Nvidia are reportedly planning to unveil billions of dollars of investment into UK data centres during the visit next week.

Sam Altman, the boss of ChatGPT-maker OpenAI, and chipmaker Nvidia’s chief executive Jensen Huang are understood to be part of a delegation of US executives to join Mr Trump.

The US president’s two-day trip begins on Wednesday and includes an overnight stay at Windsor Castle.

A Government spokesperson said: “Our special relationship with the US remains strong.

“Thanks to our trade deal, the UK is still the only country to have avoided 50% steel and aluminium tariffs, and we continue to partner on technologies such as AI, quantum, and cyber security in our trillion-dollar tech sectors.

“We will work with the US to implement this landmark deal as soon as possible to give industry the security they need, protect vital jobs, and put more money in people’s pockets through the plan for change, as well as welcoming the president on this historic state visit.”

US financial firms have announced investments in the UK worth £1.25 billion before Donald Trump’s state visit next week.

Citi Group has confirmed it will invest £1.1 billion across its UK operations, while S&P Global will put £4 million into their Manchester offices.

PayPal has confirmed a £150 million investment in product innovations and growth and Bank of America will create up to 1,000 new jobs in Belfast in its first operation in Northern Ireland.

Alongside the new investment announcements, companies are committing to ramp up commercial activity between the US and UK in the coming years.

Blackrock is allocating £7 billion to the UK market over five years, while Rothesay is planning to double its investment in the US with another £7 billion in the coming years.

The investment and capital commitments line up some £20 billion trade between the two countries – with some £8 billion to come to the UK and £12 billion to go to the US, the Department for Business and Trade said.

Business and Trade Secretary Peter Kyle said: “These investments reflect the strength of our enduring ‘golden corridor’ with one of our closest trading partners, ahead of the US presidential state visit.”

Tech giants OpenAI and Nvidia are reportedly planning to unveil billions of dollars of investment into UK data centres during the visit next week.

Sam Altman, the boss of ChatGPT maker OpenAI, and chipmaker Nvidia’s chief executive Jensen Huang are understood to be part of a delegation of US executives to join Mr Trump.

The US president’s two-day trip begins on Wednesday and includes an overnight stay at Windsor Castle.

It comes as the future of tariffs on British steel is still unclear.

When the UK and US signed a trade deal in June, it reduced tariffs on car and aerospace imports to the US.

But no agreement on a similar arrangement for Britain’s steel imports was reached, leaving tariffs on steel at 25%.

A Government spokesperson said: “Our special relationship with the US remains strong.

“Thanks to our trade deal, the UK is still the only country to have avoided 50% steel and aluminium tariffs, and we continue to partner on technologies such as AI, Quantum, and cyber security in our trillion-dollar tech sectors.

“We will work with the US to implement this landmark deal as soon as possible to give industry the security they need, protect vital jobs, and put more money in people’s pockets through the plan for change, as well as welcoming the president on this historic state visit.”