After the Lok Sabha election results in 2024, the stock market experienced a significant downturn on Tuesday, June 4th. However, the trend reversed in the following three sessions, with domestic benchmark indices reaching new closing highs by Friday, June 7th.
Despite a sharp 6% decline on June 4th, the overall performance of domestic benchmark indices has been positive in June, with modest gains observed so far. Specifically, the Nifty 50 index saw a rise of approximately 3.4% during the first week of June.
Given the persistently high volatility and expectations for continued instability in the near future, Kapil Shah, a Technical Analyst at Emkay Global and also a Technical Analysis Trainer at Finlearn Academy, provided insights into the future trends of the Nifty 50 index, broader market sentiments, and highlighted specific sectors and stocks to watch out for in an interview with Mint.
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