Budget, US elections - Here are 5 key factors to trigger stock market performance in next few months

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Chandan Taparia recommendations: How to trade Hero Motocorp, Ultratech Cement, Cipla shares on June 11?"With the general elections behind us, market participants will focus on several critical factors in the coming months. Additionally, the Union Budget will be a major event, with expectations and reactions influencing market dynamics.

The Reserve Bank of India's (RBI) stance on interest rates will also be pivotal," said Ajit Mishra - SVP, Research, Religare Broking Ltd.As we look ahead to the next few months, there are several triggers that market participants will be eagerly monitoring. These events, each with the potential to significantly impact the market.The market is closely monitoring the progress of the monsoon season due to its substantial influence on the agricultural sector and the broader economic well-being.“Domestically, the progress of the monsoon season will be closely monitored, as it significantly impacts the agricultural sector and overall economic health," Mishra said.Also read: Sensex crosses 77,000-mark, then tumbles into the redThe Reserve Bank of India typically syncs its monetary policies with global central banks' ones.

Whether it will wait for the US Fed to make the first move on interest rate cuts or act preemptively is a matter of anticipation. A rate cut is favourable for the market and is anticipated to stimulate economic expansion.

The ongoing meeting of the RBI's monetary policy committee, the first since the election, is in progress and will conclude on June 7, 2024.With the Lok Sabha elections set for April-May 2024, India saw a vote on account in February, while the primary budget is slated for presentation in July 2024. Budgets have traditionally served as significant market