The benchmark indices ended the highly volatile session last week nearly 1% higher with Nifty50 settling above the psychologically important 15,000 mark. This week, Indian markets will be guided by the US Federal Reserve's call on interest rates and domestic macroeconomic data. Besides, Covid-related news will also remain on investors' radar. First and foremost, the markets would react to macroeconomic data viz IIP and CPI inflation, which came in after market hours on Friday. In a double whammy for the economy, industrial production growth re-entered the negative territory by contracting 1.6 per cent in January, while retail inflation soared to a three-month high of 5.03 per cent in February on costlier food items. The WPI inflation is scheduled to be released on March 15.