NSE Building | Photocredit: Dinakaran
Gift Nifty on 24,855 also signals a flat opening because the market is in a consolidation phase. Analysts expect the market to remain volatile, because investors of foreign portfolios remain careful about the Indian market. With the end of the results that almost end, the Focus is now shifting to the upcoming RBI monetary policy.
Siddhartha Khemka, head – research, asset management, Motilal Oswal Financial Services LTD, said: The Indian market is expected to continue its consolidation in the midst of weak global signals, although the disadvantage can be limited due to strong domestic macros and a possible boost of an expected RBI rate.
“The Reserve Bank of India (RBI) can enter a” Jumbo reduction “of 50 basic points on Friday to breathe new life into the credit cycle and the uncertainty of the counterweight,” said an SBI research report. The RBI tariff panel, the Monetary Policy Committee (MPC), will start deliberations on 4 June on the next bi -monthly monetary policy and announces the decision on 6 June.
In the meantime, the Japanese investment bench and brokerage Nomura said in its India Equity Strategy Report that it is bullish about the Nifty in FY26, despite the global macro -opposed wind. “Against the current macro background, we assess the real value range for the Nifty at 18-24x a year in advance, which implies an upward/disadvantage of 24 percent/12 percent compared to the current levels. Based on benign risk premium and low yields, we came to the target rating of 19x). A potential advantage of 6 percent compared to the current levels.
However, Bofa Securities says that it is “careful in the short -term markets, because the valuations seem full and markets ignore the risk of probably delayed worldwide growth”, despite the fact that the brokers see those structural factors “probably position India for persistent strong economic and operating results.”
According to its recent report, India scores as the second country worldwide, after the US, to achieve the best market trends in the past three decades (7 percent CAGR in USD conditions), “with a large part of its stock returns instead of expanding.”
Most Asian shares are in early deal on Tuesday.
Published on 3 June 2025
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