Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, Modi 3.0 to US nonfarm payrolls

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Narendra Modi and his 71 ministers took oath of office and secrecy on Sunday.On Friday, the Indian stock market indices ended at their fresh closing highs, extending gains into the third consecutive session, after the Reserve Bank of India (RBI) kept the repo rate and policy stance unchanged while raising the GDP estimates for FY25 and retaining the inflation target.The Sensex jumped 1,618.85 points, or 2.16%, to close at 76,693.36, while the Nifty 50 settled 468.75 points, or 2.05%, higher at 23,290.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 10“Now hopes have revived that the US Federal Reserve might cut interest rates in the September meet based on recent macro data points. This week, focus will be on allocation of key cabinet portfolios such as Finance, Defense, Roads, Energy, Commerce, and Railways.

The market will continue to be volatile with upward biasedness," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.This week, stock market investors will watch out for global and domestic triggers including the US Federal Reserve policy, Bank of Japan interest rate decision, US inflation data, India’s retail inflation data, and key policy decisions of the BJP-led coalition government.Read here: Indian stock market: Investors eye inflation data, Modi 3.0 policy decisions, US Fed meet for fresh cuesHere are key domestic and global market cues for Sensex today:Asian markets traded mixed on Monday ahead of key economic data from the region.Japan’s Nikkei 225 gained 0.19%, while the Topix rose 0.38%. South Korea’s Kospi fell 1% and the Kosdaq dropped 0.5%.