FOMC meeting is crucial amid record inflation and growth worries, it said.
The meeting is reportedly scheduled for Wednesday.
The Indian equity market ended on a weak note for the third week in a row, however, the losses were mild.
The market remained range-bound but a stock-specific move was witnessed amid Q4 earnings pouring in.
"The next week is going to be a truncated one as the market will remain shut on Tuesday on account of Ramzan Eid. Global cues will dominate because apart from the FOMC meeting, there will be a release of BOE interest decisions, US Payroll numbers, and Worldwide PMI numbers," it said in a note.
The movement in commodity prices, dollar index, and FIIs' behaviour will remain other key factors in the equity market outlook.