Inflation data, interest rates, geopolitical situations and general elections in 2024 are likely to influence equity trading in FY24, said analysts. Foreign fund trading activity and global trends will also impact markets. The first half of FY24 may be challenging, but the second half could produce better returns due to a projected reduction in inflation and interest rates. US inflation and its monetary response will significantly impact the direction of global and Indian markets, while geopolitical developments will also be crucial. Other factors to monitor include trends in the US dollar, international oil benchmark Brent crude and corporate earnings.