On Monday, the Sensex surged to life-time high of 70,057.83 points, while the Nifty climbed to a peak of 21,026.10 points. Investors are keeping a vigilant eye on global patterns, pivotal macroeconomic indicators, and the imminent US Federal Reserve policy meeting, envisioning these as the primary catalysts shaping the course of domestic equity markets in the upcoming week. 

The spotlight of the market is anticipated to center around significant data unveilings, particularly the inflation metrics from both India and the US. Analysts predict an uptick in Indian inflation, while projections for US figures lean toward stability. Moreover, there is an optimistic outlook regarding growth in Indian industrial and manufacturing production.

The benchmark indices went on their sixth consecutive week of gains recently, marking a remarkable streak of weekly advancements unseen in three years. This bullish trajectory followed the Reserve Bank of India's (RBI) Monetary Policy declaration and an upward revision in GDP forecasts. The Nifty index surged past the historic 21,000 mark for the first time, while the Sensex notched a fresh all-time pinnacle at 69,825.60. Last week, the cumulative market capitalization of seven among the top ten most valuable companies experienced a substantial uptick by Rs. 3.04 lakh crore. This surge was prominently led by HDFC Bank and LIC, emerging as the primary gainers, showcasing an overall buoyant sentiment in the equity market.

Monday witnessed a dip in Asian stock markets, driven by anticipations surrounding a hectic week encompassing five central bank meetings and the imminent release of crucial U.S. inflation data. These factors bear significant weight in shaping market anticipations for a series of potential rate cuts in the upcoming year.

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