The markets are likely to linger volatile this week in view of the RBI’s bi-monthly monetary policy review meeting and improvement of monsoon, as key focus.
The Central Bank’s MPC (Monetary Policy Committee) will meet from Monday to Wednesday (4 to 6 June) for the second bi-monthly review of monetary policy for 2018-19, and the resolution of the Monetary Policy Committee will be announced after 2.30pm on 6 June.
Progress of monsoon will be the key factor that the markets will eagerly watch out in the week ahead. India Meteorological Department however, uses a statistical model or normal monsoon, for its forecast.
Meanwhile, auto companies stocks are expected to be in limelight after auto majors reported sales data for May. On Friday, first June, Auto companies such as Hyundai Motor India Ltd, Maruti Suzuki India Ltd, M&M, Tata Motors Ltd and Honda Cars India Ltd jointly sold 2,43,856 units during the month, up 20.6 percent from 202,187 units a year ago. This will get new impacts on Auto-stocks this week.