Please keep eye on following factors for market perspective for the next 2 months:
1. Upcoming budget: It should be no major tax reforms budget which will not affect normal peoples life. Budget can be more oriented Agriculture, Agro, Infra (more related to 5 states election oriented budget especially for UP) like *Folk Charmer* budget. Although corporate can face some pressure due to balance by Govt.
2. UP election outcome: Semifinal for 2024 General election (Delhi ka raasta UP se hokar jaata hai) if BJP lost the election (worst case scenario) Bajaar can correct no doubt on this.
Might be investors (FIIS/FPIs) are fearing especially for these events.
3. Global cues like Russia Vs. Ukraine Vs. US war
Last but not least FIIs/FPIs has no choice. They will invest in India because emerging countries like India has no comparison at all. Our economy is fastest growing economy in World no one can beat us.