Share Market News: A Look at the Upcoming Market Trajectory For April 2024

Share Market in April: The beginning of the financial year 2024-25 has been quite remarkable for the Indian market. On the first day, it reached an all-time high of 22529 points, a significant increase of approximately 150 points. Although March 2024 was a mixed month for Indian markets, with some corrections in small-cap companies, the banking and IT sectors showed signs of strength despite global sentiment. The market’s stellar performance on the first day of the fiscal year suggests a bullish trend, with Nifty receiving strong support, including Bank Nifty and IT Nifty. 

Market Ahead of FY25

With the RBI’s Monetary Policy Committee meeting scheduled for April 5th, speculation about rate cuts is high, and other central banks’ policies may also influence decisions. Additionally, auto sales figures in the coming months will be critical. Amidst all of this, the upcoming Lok Sabha elections, which begin on April 19th with results expected on June 4th, will have a significant impact on the market outlook.