The Indian stock market is poised for a potentially eventful week, with a series of domestic and global factors set to influence investor sentiment. Here are five key triggers that could impact the market in the coming days:

1. FOMC Meeting Minutes: The release of the Federal Open Market Committee (FOMC) meeting minutes will be closely scrutinized for insights into the US Federal Reserve's monetary policy outlook. Investors are keen to understand the Fed's stance on future interest rate hikes and its assessment of the US economy. A more dovish tone, suggesting a slower pace of tightening or potential rate cuts, could weaken the US dollar and boost gold prices, generally proving bullish for emerging markets like India. Conversely, a hawkish stance might strengthen the dollar and lead to a decline in gold prices, potentially triggering capital outflows from India.

2. Gold Prices: Gold is also importantly affected by the Fed's communication. Gold prices often move in reaction to FOMC monetary policy statements or the minutes of its meetings. As a non-yield-bearing asset, gold is sensitive to changes in interest rates. When the FOMC is more dovish than expected, the price of gold often rises, as it implies a slower pace of tightening and lower real interest rates. On the contrary, when the FOMC is more hawkish than expected, gold prices often decline, as it suggests a more aggressive normalization of the monetary policy and higher real interest rates. Conventionally, lower interest rates and a weaker US dollar tend to support bullion because the opportunity cost of holding non-yielding assets declines and gold becomes less expensive in other currencies.

3. India-US Trade Deal: Any updates or progress regarding a potential trade agreement between India and the United States will be a significant trigger for the Indian stock market. Positive developments could boost investor sentiment and lead to increased foreign investment. Conversely, setbacks or delays in negotiations might dampen enthusiasm and trigger volatility.

4. IPO Activity: The primary market is expected to remain active, with several Initial Public Offerings (IPOs) scheduled to hit the market. The performance of these IPOs, particularly those of well-known brands or companies with strong growth potential, can influence overall market sentiment. Strong IPO subscriptions and listings often signal healthy investor appetite and can lead to a broader market rally.

5. Global Cues: The Indian stock market is increasingly integrated with global financial markets, making it susceptible to international events and trends. Factors such as geopolitical tensions, changes in global commodity prices, and economic data releases from major economies can all have a bearing on the Indian market. For instance, rising crude oil prices can negatively impact India's import bill and inflation, potentially leading to a tightening of monetary policy and impacting equity valuations.

Impact of Global Events: Global events can significantly impact the Indian stock market through various channels. Foreign Institutional Investors (FIIs) often adjust their investment strategies based on global risk appetite. During times of global uncertainty, they may pull funds from emerging markets like India and invest in safer assets, leading to market volatility. Economic indicators from the US, China, and other major economies also play a crucial role in shaping investor sentiment.

Expert Opinions: Analysts suggest that the medium- to long-term trend of the market will be dictated by fundamentals, with room for optimism indicated by prospects of robust GDP growth and improving earnings growth. However, liquidity pressures and concerns about stretched valuations in small- and mid-cap stocks may continue to weigh on the market.

Overall Market Outlook: While domestic factors and positive global cues have supported the Indian stock market recently, investors should remain cautious and closely monitor the aforementioned triggers. Volatility is expected to persist, especially in export-oriented sectors sensitive to global growth and currency movements.