Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday - June 3

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Buy or sell stocks: As investors shifted their bets ahead of next week's national elections, the domestic benchmark indices, the Nifty 50 and the Sensex, wavered between gains and losses on Friday, closing marginally higher but recording their first weekly decrease in three.The S&P BSE Sensex rose by 0.1% to 73,961 points, while the NSE Nifty 50 finished the day up 0.2% at 22,531 points.Prior to giving up the gains, both benchmarks went up as much as 0.7% in early trading.Today, June 1, marks the end of India's weeks-long election campaign. On June 4, votes will be tallied.

Following the conclusion of voting, investors await the exit polls, which forecast results.Also Read: Stock market today: Sensex, Nifty 50 rise after 5-day slump; all eyes on Lok Sabha election 2024 exit poll resultsFurther, according to figures released by the Controller General of Accounts (CGA) on Friday, May 31, the government's budget deficit for 2023–24 was 5.63% of GDP, which is somewhat better than the 5.8% predicted in the Union Budget. The real difference between revenue and spending, or the fiscal deficit, was Rs 16.53 lakh crore."Investors are adjusting their portfolios to align with fundamentally strong sectors and stocks, as robust Q4 FY24 earnings and better-than-expected Q4FY24 GDP growth will continue to provide a buffer on valuation in the medium term.

Weak global cues have further dampened market sentiments, and higher core inflation in the Eurozone may lead the ECB to maintain the status quo on rates.The short-term direction will hinge on the general election results. However, the release of major economic indicators such as RBI policy, PMI data, and auto sales numbers will provide investors with a more comprehensive perspective on