Here are 10 key factors to watch for this week: India-US Trade Deal Progress The market participants will keep a close watch on the progress of India-US trade deal negotiations as this is an important factor for the equity market to get into a new leg of upmove. Most experts expect the Trump administration to either remove the additional 25 percent tariff imposed due to Russian oil imports or cut down the tariff to 15-20 percent from 50 percent now. Earlier in the week, US President Donald Trump stated that Washington is planning to “bring down the tariffs” imposed on New Delhi. "Well, right now, the tariffs are very high on India because of the Russian oil, and they've stopped doing the Russian oil. It's been reduced very substantially. Yeah, we're going to be bringing the tariffs down... At some point, we're going to be bringing them down," he said while responding to a question about the progress of the trade deal and the possibility of lowering tariff rates. "If trade negotiations with the US are finalised, it could provide a significant boost to investor sentiment and FIIs may once again turn positive for the Indian markets," Raghvendra Nath of Ladderup Asset Managers. On Friday, US President Donald Trump has announced easing import duties on nearly 200 food, farm and agricultural goods, which resulted into a benefit for Indian spice traders and tea growers. FOMC Minutes Investors globally will keep an eye on the minutes of the Federal Reserve's policy meeting held during October 28-29. The Federal Open Market Committee (FOMC) slashed the federal funds rate by 25 bps to the range of 3.75-4.00 percent in its October policy meeting, following 25 bps cut in September meeting but Chair Jerome Powell commentary signalled low possibility of rate cut in December meeting.