Fed interest rate decision, macro data to guide stock markets this week

Updates on COVID-19 situation and related news will also remain on participants' radars, says an analyst

Indian equity markets will be guided by the US Federal Reserve's call on interest rates and domestic macroeconomic data this week, analysts said.

Market participants will also be keenly focusing on the US Fed's plans to tackle the volatility in the bond yields. Rising US bond yields have attracted safe-haven bets and caused a correction in global equities mainly technology stocks recent weeks.

Indian equities followed global cues throughout the last week. The rise in US bond yield kept the volatility high, swaying between gains and losses.

Although a fall in US unemployment rate and the signing of the stimulus bill helped the