Indian benchmark indices stayed in a narrow range amid US debt deal negotiations and remained flat for the week. However, the broader markets outperformed, with about 20 smallcap stocks returning 20-40% weekly. Analysts remain positive about the market and see benchmark indices hitting fresh lifetime highs. The upcoming Reserve Bank of India meeting and Federal Reserve meeting will determine the momentum of indices, with all eyes on the RBI's policy meeting from June 6-8. Additionally, the US's composite services PMI and trade data and the IPO of IKIO Lighting, among other data points, will impact the market.
