French President Emmanuel Macron parades in the rain in a Citroen DS car on the Champs Elysees avenue, after his formal inauguration ceremony yesterday in Paris

The latest monsoon forecast by the IMD lifted the market sentiment, which took Nifty towards 9400. The much awaited corrections are not happening due to various positive triggers. Latest amongst these is a strong monsoon which can lift overall growth of the economy. The monsoon is expected to arrive in the Andaman and Nicobar Islands today, which is much ahead of earlier estimates. These sentiments were further boosted by the French election results. Emmanuel Macron’s win was huge for global equity markets sentiment.