Dalal Street: Key Things to Watch This Week (June 2–8, 2025)

Markets saw a mild dip last week (Nifty -0.4%, Sensex -0.33%) due to global worries. But hope is back, and experts expect rangebound trading with a "buy on dips" approach. Here's what could move the markets: Top 10 Things to Watch: 1️⃣ RBI Policy (June 6): Markets await the RBI interest rate decision. A 0.25% rate cut is expected as inflation is low. More focus will be on RBI's future guidance. 2️⃣ Economic Data (India): • PMI Manufacturing (June 2) & Services (June 4) – Indicators of economic activity • Bank loan growth & forex reserves – Due on June 6 3️⃣ US Jobs Data: Watch for unemployment numbers and payroll data. It may hint at what the US Fed does next with rates. 4️⃣ ECB Rate Decision (June 5): The European Central Bank may cut interest rates, which could support global sentiment. 5️⃣ Auto Sales Data: Monthly sales figures will affect auto stocks. Early signs look positive. 6️⃣ FIIs & DIIs Activity: • FIIs sold ₹418 crore last week, but were net buyers in May (₹11,773 crore) • DIIs bought ₹33,145 crore last week – the highest since Jan 7️⃣ Oil Prices: Brent crude fell to $62.78/barrel. Lower oil helps India (an importer). But eyes on OPEC+ meeting as supply could rise again. 8️⃣ IPO Watch: Quiet week on mainboard. • Ganga Bath Fittings (SME) opens June 4 • Listings: Aegis Vopak (June 2), Prostarm (June 3), Scoda Tubes (June 4) 9️⃣ Mid & Small Caps: These outperformed last week and may stay in focus if positive momentum continues. 🔟 Global Events: • US-China trade tensions • Trump tariffs and legal tussles could add some uncertainty Bottom Line: With RBI policy, auto data, and global signals in play, it could be a choppy but positive week. Watch interest rate-sensitive sectors like PSU banks & autos. Stick to buying on dips and focus on strong fundamentals.