The stock market witnessed a record performance in the week ending on 20 September. After the Federal Reserve announced a half percent rate cut, the domestic markets gained momentum and the Sensex and Nifty reached new record highs. Now the market is looking at the next week to see which direction the market will take after reaching the heights. Along with expiry next week, there are many such events which will give direction to the market. Take a look at these events

Signals from America

Market giants will keep an eye on America next week. On September 26, the growth figures of the second quarter of the US economy will be presented, along with this the market will also keep an eye on the speech of Federal Reserve chief Jerome Powell. The market wants to see estimates about the health of the US economy from both of them. Actually, the sharp cut of half a percent by the Federal Reserve is also indicating that the Federal Reserve is more worried than before about the growth in the US economy. Economic figures Apart from this, economic figures of many other countries are also to be presented next week. The market will be eyeing the PMI figures to be presented on September 23, the figures of India, America, Euro Area and Japan will come in the first two days of the week. Apart from this, figures of home sales and unemployment are also to come in America. Oil prices Last week, there was a sharp fluctuation in oil prices. Brent, which slipped below $ 70 per barrel last week, has closed above the level of $ 74 per barrel this week. Sharp fluctuations in crude oil prices affect the Indian economy and also have a direct impact on the stocks of oil companies. Investors will keep an eye on the movement of oil next week. On Wednesday, America will release data on changes in crude oil stocks, which may affect the prices.