Last week, the markets closed lower by around 1.9 per cent at 8572. The market remained in a tight range amidst volatility, from Monday to Friday. Market participants are keen on the outcome of US Federal Reserve’s commentary on how aggressively it plans to hike interest rates. The market may recover today after a sluggish week, and strong opening of US markets on Friday.

People take photos at the Wall Street Bull near the New York Stock Exchange (NYSE). Stocks fell after news that the US economy grew at the sluggish rate of 1.1 per cent. Despite the slowing growth rate Fed Chair Janet Yellen was optimistic about the economy. Pic/Getty Images/AFP