Unlocking the Secrets to Explosive Stock Market Gains.
According to economists, it is anticipated that the Reserve Bank of India will maintain its current stance in the upcoming June monetary policy. This decision is primarily influenced by the decreased inflation rate observed in April and the higher-than-anticipated growth rate of the Gross Domestic Product during the period of January to March.
During the week of consolidation, the benchmark indices in India concluded with marginal changes on June 2nd, as the Nifty closed at 18,534 points and the Sensex at 62,547 points. While the Nifty experienced a slight increase of 0.19 percent compared to the previous week's closing, the Sensex only saw a modest rise of 0.07 percent.
Among the various sectors, Nifty Realty demonstrated a notable growth of 3.8 percent, followed by Nifty Media with a 3.3 percent increase and Nifty Auto with a rise of 1.8 percent. Conversely, Nifty Energy experienced a decline of 1.9 percent, and Nifty Bank observed a minor decrease of 0.3 percent.
Significant activity was observed in the midcap space, as the Nifty Midcap 100 reached a new record high of 34,006.55 points, exhibiting a growth of 1.6 percent throughout the week.
Having concluded the earnings season and with the concerns regarding the US debt ceiling put to rest, the focus in the upcoming week, starting from June 5th, will shift towards the monetary policy actions of the Reserve Bank of India (RBI). Analysts hold the belief that as long as the Nifty remains above 18,315 points, the market sentiment will favor the bulls.
Now, let us delve into the ten factors that will play a crucial role in determining the market's movement in the following week.