Anil Singhvi foresees 4 key triggers as June series begins

Indian equities impacted by global market cues are trading on a tepid note with Nifty trading weak by 0.06 per cent or 14.3 at 24,819.3. So, as we commence the new June series, Zee Business Managing Editor Anil Singhvi foresees four big triggers for the Indian stock markets.

Here is a detail about these:

Nevertheless, in the May series Nifty50 climbed 2 per cent, while the Sensex gained 1.73 per cent.

So, as the new series kickstarts on a muted note, here are the positive triggers as put by Anil Singhvi:

RBI Policy on June 8

The apex banker is set to meet on June 8 for its policy decision. The monetary policy outcome is expected at a time when the inflation remains under control and there is anticipated good monsoon. So, in light of the encourgaging macros, the RBI may be nudged to push growth and hence cut interest rates for the third straight time. RBI Governor may spring a big surprise by cutting rates by 0.5 per cent, added Singhvi.

US Fed Meeting on June 18

US Federal meeting is also scheduled this month with the decision expected on June 18. Singhvi believes that if the Fed Chair lowers rates due to cooling inflation, it could be a positive surprise

India can strike a good trade deal with US

Amid court take on President Donald Trump's tariffs, Trump is under pressure and seizing the opportunity India may strike a good deal with the US. A round of meetings is set to begin next week with the 90-day deadline ending on July 9. One can hope for a good deal by June itself, he added.