Sensex, Nifty 50 break 3-month gains to end May in red; 5 major triggers to watch out for in June
Lok Sabha Elections 2024 trading strategy: Is Nifty 50 set to scale new heights after poll results?Here are the five key factors set to influence the Indian stock market in June:All eyes are on the results of the Lok Sabha election 2024, which is expected on June 4. Exit polls will start coming after the final phase of the seven-phase general election on Saturday, June 1.
Experts anticipate high volatility in the Indian stock market on Monday and Tuesday, reacting to exit polls and the final outcome."The Indian Lok Sabha results on June 4th will be the year's biggest event. Depending on the results, it could kickstart a rally or create market volatility," said Ankur Punj, Managing Director and National Head at Equirus Wealth.Also Read: BJP-led NDA likely to win Lok Sabha election 2024, says Phillip Capital, recommends over 50 stocks to buyAfter the formation of the new government, focus will shift to the new Budget which will most likely be presented in July.
The speculations around the Budget will keep the market busy in June."After elections, the next major trigger for the market will be the Budget. Growth-oriented measures will support the market momentum positively," said G.
Chokkalingam, founder and head of research at Equinomics Research Private Ltd.Also Read: Lok Sabha Elections 2024 Trading Strategy: Analysts predict Nifty to shine above 23,000; Here's how to trade on June 4Geopolitical developments will remain critical triggers for market sentiment. If tensions in West Asia escalate further, it may deal a blow to investors' risk appetite.
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