Huge stock market rally expected on June 4? What brokerages advised ahead of Lok Sabha election results

On 3rd June, after the predictions of the Modi led NDA government The Sensex surged by 1859.88 points, opening at a record 75,821.19. Similarly, the Nifty jumped 603.85 points, starting the day at 23,134.55.

Notably, all 50 companies in the Nifty index saw advances, with no declines, marking a rare and robust market performance.

Brokerage firm JP Morgan has said that if the ruling Bharatiya Janata Party (BJP) wins in the Lok Sabha election 2024, then the Reserve Bank of India will start easing rates amidst a potentially benign US/global macro outcome.