📷 Image Credits: Moneycontrol
The Indian finance sector is experiencing a mix of ups and downs as we head into the next week of June 2024. After a topsy turvy week at D-Street, where Nifty opened to gains but quickly dipped below 23,400, experts are predicting a range bound market until the Budget announcement and as June quarter earnings wind down. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that the market will remain in this range bound state for the near future. This uncertainty in the market is a reflection of the global economic landscape, where industrial and manufacturing data for key players like US, UK, and China will be released next week. Additionally, the Bank of England is set to meet for a policy decision, which will have implications on the global financial markets, making it worth keeping an eye out for. As we move forward, investors and traders in India should closely monitor these global economic indicators as they can have a significant impact on the local market trends. Overall, the finance sector in India is facing a period of cautious optimism, with experts urging investors to stay informed and make strategic decisions amidst the changing market dynamics.
