IIP data, Fed minutes, FII flows to steer Indian stock market this week

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Market analysts believe that the outlook for the near term is bleak. They further add that the market may remain range-bound for the next week, as the liquidity conditions are still tight and the investors are looking for the important macroeconomic cues before taking fresh positions. According to experts, if Nifty remains above the immediate support zone of 26,000–25,800, then the market sentiment would be constructive and with a positive bias.